Asset management The AMF publishes a summary of its SPOT inspections on telephone conversation recording at asset management companies
Why this matters
This is a published summary of thematic inspections conducted by the AMF on telephone conversation recording practices at five asset management companies. The content identifies compliance expectations, good practices (e.g., five-year retention, staff training, quarterly sampling), and poor practices (e.g., lack of...
Institutional Annual report Marketing Financial products Savings protection Other professionals Retail investors Journalists Investment management companies Listed companies and issuers The AMF and ACPR...
Why this matters
Annual report from AMF-ACPR Joint Unit covering 2025 activities. Primary focus on consumer protection against scams and misleading advertising, structured products market analysis, sustainability preferences implementation, and marketing practice monitoring.
Investment advice MiCA Asset management Advice on crypto-assets: the AMF updates its doctrine in relation to FIAs
Why this matters
AMF updates doctrine on crypto-asset advice services following MiCA Regulation implementation. Financial Investment Advisers (FIAs) now require mandatory CASP authorization to provide crypto-asset advice. This is informational guidance clarifying regulatory requirements and compliance obligations for affected firms.
Derivatives or structured products Marketing Retail investors Journalists Investment management companies The ACPR and AMF Joint Unit publishes its analysis on the distribution, fees and performance of structured products
Why this matters
Joint ACPR-AMF analysis of structured products distribution, fees, and performance. Identifies compliance gaps in product governance, target market definitions, and fee disclosure. Informational regulatory guidance with supervisory expectations for professionals distributing complex products to retail investors.
MMF Asset management AIFMD Money market funds: the ANC has confirmed the presumption of classification as "cash equivalents"
Why this matters
AMF clarification on accounting treatment of money market funds (MMF) as 'cash equivalents' under AIFMD II. The ANC confirmed that liquidity management tools like swing pricing do not disqualify VNAV MMFs from cash equivalent classification, though the presumption remains rebuttable.
Equity Market infrastructures Microstructure The AMF analyses the rise in closing auction trading activity on the French equity market
Why this matters
AMF regulatory analysis of closing auction trading patterns on French equity market. Informational study examining market microstructure, trading venue fragmentation, and participant behavior. No enforcement action or urgent compliance requirement indicated.
Asset management UCIT Crypto-assets The AMF has published an updated version of its guide for UCITS and AIF depositaries
Why this matters
AMF published updated guidance for UCITS and AIF depositaries addressing operational and regulatory changes, particularly tokenization, crypto-assets, and e-money token settlement.
Asset management The Autorité des Marchés Financiers (AMF) is updating its doctrine in light of the recent revision of the European Benchmarks Regulation and the new regulatory framework for deposits with the Caisse des Dépôts et Consignations
Why this matters
AMF doctrine update addressing European Benchmarks Regulation (BMR) revision effective January 2026 and new CDC deposit procedures. Primary impact on asset managers and investment services providers regarding benchmark administrator authorization requirements, prospectus disclosure obligations, and liquidation...
Supervision Europe & international Markets Journalists Investment management companies Listed companies and issuers From design to delivery: The AFM and the AMF identify five enablers for effective EU-level market supervision
Marketing Disclosure Obligations MIFID Investment advice Mystery shopping visits to bank branches: the AMF calls on professionals to improve the quality of client questioning and the presentation of fees
Why this matters
AMF mystery shopping campaign findings on banking advisors' compliance with MiFID II requirements regarding client questioning quality, fee presentation, and regulatory documentation. Informational regulatory update reporting on supervisory findings and calling for industry improvements in conduct practices.
Financing the economy Equity Fixed income The AMF publishes a study on market-based financing in Paris for the period 2007–2025
Why this matters
AMF study on market-based financing trends in Paris (2007-2025) is informational research examining equity and bond market dynamics, listing trends, and capital raising patterns. Relevant to capital markets participants and regulators monitoring market structure and competitiveness.
Investing wisely Long term investment Equity Savings Plan Shares Periodic & ongoing disclosures The AMF publishes a study on the behaviour of retail investors in CAC 40 stocks in the age of social media
Why this matters
AMF research study on retail investor behavior in CAC 40 stocks influenced by social media. Informational content highlighting younger investors' and neo-brokers' responsiveness to social media signals over fundamental information.
Financial disclosures & corporate financing The Autorité des Marchés Financiers (AMF) takes note of the Paris Cour of Appel’s ruling in the Vivendi SE case
Why this matters
AMF announcement regarding Paris Court of Appeal ruling on control determination in Vivendi SE case, clarifying application of mandatory buyout offer rules under French Commercial Code Article L. 233-3.
MiCA Other professionals Fintech Journalists Crypto-assets: the end of the Pacte law and European MiCA Regulation transitional period establishes a new role for the AMF
Why this matters
This is an informational news release from AMF announcing the end of the MiCA transitional period (July 1, 2026) and the mandatory shift from the French Pacte law regime to the European MiCA Regulation.
Forex and binary options Savings protection ESMA Public statement: ESMA reminds firms of existing rules and obligations under binary option measures amid growing popularity of prediction markets globally
Why this matters
ESMA public statement reminding firms of existing obligations regarding binary options and event contracts. Clarifies that event contracts qualifying as financial instruments fall under binary option product intervention measures and require investment firm authorization.
Risk and Trend Mapping Markets Fixed income Asset management Other professionals Professional investors Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
AMF's 2026 Markets and Risk Outlook is an informational regulatory publication identifying key systemic risks including geopolitical instability, cyber threats, AI vulnerabilities, and market concentration.
MiCA Other professionals Journalists The AMF announces the withdrawal of AUTOMATA France SAS’s registration as a digital asset service provider effective from 30 June 2026
Why this matters
AMF announcement of withdrawal of AUTOMATA France SAS's DASP registration effective 30 June 2026 due to unauthorized crowdfunding activity and failure of senior management to meet good repute/competence standards.
Investment advice Sustainable Finance The AMF has introduced a new methodology for document-based inspections of financial investment advisor
Why this matters
AMF announces new CORE inspection methodology for financial investment advisors with findings from 2025 campaigns. Key focus areas include cost/fee disclosure quality, sustainability preference collection, and AML/CFT compliance.
MiCA Investment services End of the MiCA transitional period: ESMA sets out its expectations of professionals and warns retail investors
Why this matters
This is an informational regulatory update from ESMA/AMF regarding the end of MiCA transitional period on 1 July 2026. It sets expectations for digital asset service providers (DASPs) regarding wind-down plans, authorisation requirements, and investor protections.
Stress-testing Markets Financial Crisis Other professionals Executive & other private individuals Professional investors Journalists Investment services providers Investment management companies The Banque de France,...
Why this matters
This is an informational news release announcing a methodological report on France's first system-wide stress test conducted by Banque de France, ACPR, and AMF. The exercise covers banking, insurance, and asset management sectors with focus on systemic interconnections and contagion risks.
Asset management The AMF has decided to withdraw the authorisation of the asset management company Xerys Invest
Why this matters
The AMF has withdrawn authorization from Xerys Invest, an asset management company managing alternative investment funds. This is an informational announcement of a regulatory enforcement action regarding licensing status. No immediate action required by other firms, making urgency null.
Long term investment Shares Artificial intelligence Retail investors Journalists Special edition of the AMF Barometer: while artificial intelligence is still not widely used in investment practices, it is winning over more young investors
Why this matters
AMF publishes survey findings on AI adoption in investment practices among French retail investors. This is informational research highlighting generational differences in AI usage (11% overall, 19% under-35s) and perceived risks/benefits.
Innovation Crypto-assets Artificial intelligence Cyber resilience: the AMF calls on financial market participants to strengthen their cybersecurity arrangements in response to rapidly evolving threats associated with artificial intelligence
Why this matters
AMF guidance on strengthening cybersecurity arrangements in response to AI-related threats. Covers DORA compliance, cyber incident management, and AI-specific risk integration. Informational/advisory in nature with supervisory expectations rather than binding requirements.
Annual report Institutional Other professionals Executive & other private individuals Retail investors Fintech Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
AMF's 2025 Annual Report is an informational publication outlining regulatory priorities and activities. Key focus areas include market resilience, retail investor protection, cyber resilience, tokenization of financial assets, and MiCA crypto-asset regulation.
MMF Asset management The AMF complies with ESMA’s guidelines on updating the stress scenario parameters provided for in Article 28 of the Money Market Funds Regulation for 2026
Why this matters
AMF announces compliance with ESMA's updated stress test scenario parameters for Money Market Funds under Article 28 of MMF Regulation. Asset managers managing MMFs with assets exceeding €100M must implement updated parameters by 30 June 2026 for quarterly reporting.
Collective investments Marketing Financial products Retail investors Journalists The AMF unveils its 2026-2028 financial education plan to boost women’s investment
Why this matters
AMF announces a 2026-2028 financial education plan targeting women's underrepresentation in investment markets. This is informational content about regulatory initiatives in consumer protection and financial literacy.
Asset management AIFMD UCIT Regulatory developments Liquidity Management Tools: the AMF intends to comply with ESMA’s Guidelines
Why this matters
AMF announcement regarding compliance with ESMA guidelines on liquidity management tools for UCITS and AIFs. This is informational guidance on regulatory implementation with a 12-month transitional period for existing funds. No immediate action required, making it low urgency news content.
Asset management The Autorité des Marchés Financiers (AMF) has approved the updated ‘Provisions’ of the AFG Code of Ethics for Third-Party Asset Management and extended these to all investment services providers
Supervision Marketing Financial products Investment services Savings protection Journalists Investment services providers In an increasingly digital investment landscape, the AMF stresses the importance of the quality of the information...
Cooperation Europe & international Equity Journalists Listed companies and issuers AMF Québec, OSC and AMF France enter into an agreement to support cross-listing of securities in Canada and France
Why this matters
This regulatory update announces an agreement between securities regulators in Canada and France to support the cross-listing of securities between the two countries.
MAR Journalists Listed companies and issuers The AMF welcomes the first criminal rulings in an insider network case
Why this matters
This regulatory update from the AMF (French financial markets regulator) announces the first criminal convictions in an insider trading case, which is a significant development in combating market abuse.
Supervision Asset management Compliance Journalists Investment management companies The Autorité des Marchés Financiers publishes the findings of its SPOT inspections on asset management companies’ compliance and internal control systems
Why this matters
This regulatory update from the AMF focuses on the findings of SPOT inspections on the compliance and internal control systems of asset management companies. It covers key areas such as the organization and resources of the compliance function, control plans, follow-up on recommendations, periodic control, and...
Asset management Regulatory developments The AMF clarifies its doctrine on several aspects relating to asset management companies
Why this matters
The regulatory update from the AMF clarifies several aspects related to asset management companies, including requirements around digital operational resilience under the DORA regulation, rules on time-sharing for financial managers, and changes to the process for closing AMC authorization withdrawal proceedings.
Long term investment Shares ETF Retail investors Journalists The stock market attracted a record number of retail investors in 2025
Why this matters
This regulatory update from the AMF discusses a significant increase in retail investor participation in the French stock market, including a rise in the number of new investors, increased use of European investment service providers, and a trend towards younger investors.
Crypto-assets MiCA Crypto-assets: The AMF applies ESMA guidelines on the knowledge and competence of staff of crypto-asset service providers under MiCA
Why this matters
This regulatory update from the AMF applies ESMA guidelines on the knowledge and competence requirements for staff of crypto-asset service providers under the MiCA regulation.
Asset management Crowdfunding: the AMF reminds platforms of their complaint handling obligations
Why this matters
This regulatory update from the AMF focuses on the complaint handling obligations of crowdfunding service providers, which are relevant for investment management firms, broker-dealers, wealth managers, and banks that offer crowdfunding services.
Shares Asset management Post-trading infrastructures The AMF analyses the typology of participants on the French equity market over the past five years.
Why this matters
This regulatory update from the AMF analyzes the changes in the typology of participants in the French equity market over the past five years. It covers topics related to market surveillance, reporting, and consumer protection, which are relevant for asset managers, banks, and broker-dealers operating in the French...
Collective investments Marketing Financial products Other professionals Executive & other private individuals Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) highlights persistent differences in investment behavior and attitudes between women and men, which is relevant for investment management and wealth management firms.
Appointment Institutional Sophia Bennani appointed AMF Director of Inspections
Why this matters
This regulatory update announces the appointment of Sophia Bennani as the new Director of Inspections at the AMF (Autorité des marchés financiers), the French financial markets regulator. This is an institutional change relevant to investment management and wealth management firms that are supervised by the AMF.
Supervision Sustainable Finance Marketing Journalists Investment services providers Investment management companies The AMF publishes the findings of its inspections on the consideration of client sustainability preferences
Why this matters
The article discusses the findings of AMF inspections on how investment services providers are considering client sustainability preferences in their advisory process, which is a new regulatory requirement under MiFID II. This is relevant for asset managers and wealth managers who provide investment advice.
MAR Executive & other private individuals Journalists Listed companies and issuers The Casino case: the Paris Tribunal Correctionnel ruling marks the end of a market abuse case in which the AMF has been heavily involved
Why this matters
This regulatory update from the AMF covers a market abuse case involving manipulation and insider trading in the shares of Casino and Rallye. It discusses the criminal sanctions imposed by the Paris Tribunal Correctionnel, as well as the AMF's involvement in the case.
Asset management The AMF announces that the withdrawal of the authorisation of the portfolio management company APICAP is effective
Why this matters
This regulatory update from the AMF announces the withdrawal of the authorization of the portfolio management company APICAP, which is an asset management firm. This is a medium urgency update as it involves the revocation of a firm's license to operate.
Derivatives or structured products MIFID The AMF revises the position limits applicable to the salmon derivative contract listed on Euronext
Why this matters
This regulatory update from the AMF revises the position limits applicable to the salmon derivative contract listed on Euronext. It impacts firms trading or involved in the salmon derivatives market, and relates to market surveillance and reporting requirements.
Supervision Asset management Journalists Investment management companies The Autorité des Marchés Financiers publishes the findings of its inspections of asset management companies' operational risk management
Why this matters
This regulatory update from the AMF focuses on inspections of asset management companies' operational risk management systems, which is relevant for investment management firms. It also discusses reporting requirements and data quality, which impacts both asset managers and banks.
Institutional Markets Journalists The AMF awards its 2025 prize for young researchers in economics to Alexandre Madelaine
Why this matters
This news release announces the AMF's 2025 prize for young researchers in economics, awarded to Alexandre Madelaine. It covers topics related to financial information disclosure, short selling, and retail investor behavior, which are of interest to investment managers, brokers, and fintech firms.
MiCA Investment services The AMF reminds Digital Asset Service Providers that the transitional period allowing them to continue providing crypto-asset services in France without MiCA authorisation ends on 1 July 2026
Why this matters
This regulatory update from the AMF is relevant for digital asset service providers (DASPs) in France, as it reminds them that the transitional period allowing them to continue providing crypto-asset services without MiCA authorisation ends on 1 July 2026.
Institutional Regulatory developments Financing the economy Other professionals Journalists Listed companies and issuers The AMF awards its Marie-Josèphe-Vanel thesis prize in law to Vincent Ramonéda
Why this matters
This news release announces the AMF's new thesis prize in law, which aims to promote legal research in financial regulation. It recognizes outstanding academic work relevant to the AMF's mission of investor protection and market oversight. The content is informational in nature.
Derivatives or structured products Marketing MIFID The AMF publishes a working group study on structured products
Why this matters
This regulatory update from the AMF focuses on good practices for improving the clarity and understanding of structured products distributed to retail investors in France.
Artificial intelligence Innovation Fintech Journalists Investment services providers Investment management companies Listed companies and issuers A study by the AMF finds widespread levels of adoption in artificial intelligence by French...
Why this matters
The article discusses the widespread adoption of artificial intelligence by French financial market participants, including asset managers, banks, and fintech/crypto firms. This is a high-priority topic given the technology and consumer protection implications.
Financial disclosures & corporate financing Periodic & ongoing disclosures Reporting ESEF Closing of the 2025 accounts: the AMF flags up points for vigilance and issues recommendations
Why this matters
This regulatory update from the AMF covers key areas of focus for financial firms, including reporting and disclosure requirements, ESG considerations, and prudential requirements. It is relevant for a range of financial institutions including banks, brokers, asset managers, and fintechs.
Supervision Compliance Journalists Investment services providers The AMF publishes the findings of its inspections on the role and involvement of the compliance function at investment services providers
Why this matters
This regulatory update from the AMF focuses on the role and involvement of the compliance function at investment services providers, particularly in areas such as employee training, remuneration, personal transactions, and disciplinary measures.
Strategy Supervision Institutional Other professionals Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers The AMF sets its priorities for 2026 for...
Why this matters
This regulatory update from the AMF sets priorities for 2026 related to deeper, safer and more resilient financial markets open to innovation. It covers topics relevant to various financial firms including asset managers, broker-dealers, banks, and fintechs, such as consumer protection, operational resilience, and...
Asset management AIFMD UCIT AIFM II: the AMF updates its doctrine to make introducing liquidity management tools easier for UCITS and AIFs
Why this matters
This regulatory update from the AMF relates to changes in the doctrine around introducing liquidity management tools for UCITS and AIFs, which are relevant for investment management firms and capital markets participants.
Long term investment Shares Artificial intelligence Retail investors Journalists AMF 2025 Barometer: in search of autonomy, many French people turn to artificial intelligence when they want to invest
Why this matters
This regulatory update discusses how French retail investors are increasingly turning to artificial intelligence when making investment decisions, which is relevant for investment managers, wealth managers, and fintech firms that provide AI-powered investment services.
Governance Annual report Executive & other private individuals Journalists Listed companies and issuers The AMF examines the transparency of executive succession plans as part of its 2025 Corporate Governance Report
Why this matters
This regulatory update from the AMF examines the transparency of executive succession plans, which is relevant for banking, investment management, and wealth management firms. It touches on reporting and disclosure requirements as well as senior management and governance topics.
MiCA Crypto-assets Financial products Marketing Journalists Investment management companies Listed companies and issuers The AMF adapts its policy on complex financial products in response to the rise of crypto-assets
Why this matters
This regulatory update from the AMF (French financial markets authority) relates to the adaptation of its policy on complex financial products in response to the rise of crypto-assets. This impacts crypto exchanges, asset managers, and fintech firms operating in the crypto/digital assets space.
Financial disclosures & corporate financing Journalists Listed companies and issuers The Autorité des Marchés Financiers takes note of the Cour de Cassation ruling in the Vivendi SE case
Why this matters
This regulatory update from the Autorité des Marchés Financiers (AMF) relates to a court ruling involving Vivendi SE, a listed company. It touches on financial disclosures, corporate financing, and market abuse issues that are relevant for banks, broker-dealers, and asset managers operating in the capital markets and...
Mediation Appointment Institutional Other professionals Executive & other private individuals Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
This regulatory update announces the appointment of a new Ombudsman at the French financial markets regulator, the Autorité des Marchés Financiers (AMF). This is an institutional change that impacts various financial services firms under the AMF's jurisdiction, including asset managers, broker-dealers, wealth...
Asset management Collective investments The Autorité des Marchés Financiers has amended its doctrine to clarify its expectations of ELTIFs
Why this matters
This regulatory update from the Autorité des Marchés Financiers (AMF) clarifies its expectations for European Long-Term Investment Funds (ELTIFs), which are a type of collective investment scheme. This is relevant for asset managers who offer or manage ELTIF products.
Sustainable Finance MIFID Investment advice Long term investment Other professionals Journalists Investment services providers Investment management companies The ACPR and the AMF present their joint approach helping...
Why this matters
This regulatory update from the ACPR and AMF in France relates to the joint approach they are presenting to help professionals take into account clients' sustainability preferences when providing investment advice. This impacts investment management firms, wealth managers, and banks that provide investment services.
Long term investment Savings protection Investing wisely Retail investors Journalists The Autorité des Marchés Financiers is running a new financial education campaign aimed at young investors
Why this matters
This regulatory update from the Autorité des Marchés Financiers (AMF) in France is focused on a new financial education campaign aimed at young investors. This falls under the topics of consumer protection, financial education, and retail investors.
Shares ETF Fixed income Individual investors remain active on the markets in the 3rd quarter of 2025
Why this matters
This news update indicates that individual investors remain active in the markets, which is relevant for asset managers, broker-dealers, and wealth managers who serve this client segment. It touches on consumer protection, market abuse, and reporting/disclosure topics that are important for these firms.
Crypto-assets Investment services Financial services providers The Financial Stability Board and the International Organisation of Securities Commissions publish two reports assessing the implementation of recommendations on crypto-asset and stablecoin activities
Why this matters
This regulatory update is focused on the implementation of recommendations related to crypto-assets and stablecoins, which are relevant for crypto exchanges, banks, and fintech firms operating in the digital asset space.
Periodic & ongoing disclosures Sustainable Finance Corporate sustainability reporting: AMF draws listed companies' attention to ESMA's 2025 recommendations
Why this matters
This regulatory update from the AMF (French financial markets authority) is relevant for listed companies, particularly those in the banking, investment management, and capital markets sectors.
Financial disclosures & corporate financing Public offer Prospectus Executive & other private individuals Professional investors Journalists Listed companies and issuers The AMF announces new measures to facilitate access to listing
Why this matters
This regulatory update from the AMF announces new measures to facilitate access to listing, which impacts banking, capital markets, and listed companies. The key topics covered are authorization and licensing, reporting and disclosure, and market abuse/surveillance, which are relevant for banks, broker-dealers, and...
Supervision Asset management Governance Journalists Investment management companies The Autorité des Marchés Financiers publishes the findings of its thematic inspections on governance and role of senior managers at asset management companies
Why this matters
This regulatory update from the AMF focuses on thematic inspections related to governance and the role of senior managers at asset management companies, which are relevant for investment management and wealth management firms.
Stress-testing Markets Asset management Journalists Investment services providers Investment management companies The Banque de France, the ACPR and the AMF launch a first system-wide stress test on interconnections within the financial system
Why this matters
This regulatory update announces a system-wide stress test on interconnections within the financial system, which is relevant for banks, asset managers, and broker-dealers. It covers prudential requirements, operational resilience, and reporting, indicating medium urgency for firms in the affected sectors.
Long term investment Sustainable Finance Retail investors Journalists Investment management companies Listed companies and issuers Sustainable finance: retail investors have higher expectations of their financial advisors
Why this matters
This regulatory update discusses how retail investors have higher expectations of their financial advisors when it comes to sustainable finance. This impacts investment management firms, wealth managers, and banks that provide advisory services to retail clients.
Supervision Other professionals Fintech Market Infrastructures Professional investors Journalists Investment management companies Listed companies and issuers European supervision of capital markets: the AMF calls for an enhanced...
Why this matters
This regulatory update from the AMF discusses the European supervision of capital markets, calling for an enhanced role for ESMA to promote a Savings and Investments Union. This impacts investment management firms, wealth managers, banks, and fintechs operating in the European capital markets.
MiCA Other professionals Fintech Journalists Listed companies and issuers The French, Austrian and Italian markets authorities call for a stronger European framework for crypto-asset markets
Why this matters
This regulatory update from the French, Austrian and Italian markets authorities calls for a stronger European framework for crypto-asset markets, which impacts crypto exchanges, fintechs and banks operating in this space. It covers topics related to authorization, consumer protection and prudential requirements.
Savings protection Withdrawal of KOREGRAF's authorisation as a crowdfunding service provider
Why this matters
This regulatory update relates to the withdrawal of authorization for a crowdfunding service provider, which impacts firms in the banking, investment management, and wealth management sectors. It involves topics of authorization/licensing and consumer protection.
Asset management The Autorité des Marchés Financiers (AMF) revoked the authorisation of alternative investment fund manager (AIFM) APICAP
Why this matters
This regulatory update from the AMF revokes the authorization of an alternative investment fund manager (AIFM), which is a significant regulatory action that impacts the asset management sector.
Appointment Institutional Isabelle Guezet and Julien Laroche appointed Deputy Directors of the Corporate Finance Division
Why this matters
This is an announcement of new appointments to the Corporate Finance Division of the AMF, the French financial markets regulator. This is informational in nature and does not require immediate action from regulated firms.
Shares ETF Retail investor activity in equities at its highest since 2020
Why this matters
This regulatory update discusses increased retail investor activity in equities, which is relevant for capital markets, investment management, and wealth management firms. The topics covered include consumer protection, market abuse, and reporting requirements.
MAR Financial disclosures & corporate financing Shares The AMF and the AFA call for vigilance of the risk of private corruption by criminal networks of natural persons with access to inside information
Why this matters
This regulatory update from the AMF and AFA calls for vigilance against the risk of private corruption by criminal networks with access to inside information. This impacts firms in the banking, investment management, and capital markets sectors, particularly banks, asset managers, and broker-dealers, who need to be...
Asset management Marketing PRIIPs The AMF reminds distributors of their requirements regarding marketing of investment fund
Why this matters
This regulatory update from the AMF (French financial markets regulator) is relevant for investment fund distributors, including asset managers and wealth managers, as it reminds them of their requirements regarding the marketing of investment funds.
Supervision Governance Sustainable Finance Journalists Investment management companies The AMF publishes a summary of its SPOT inspections on asset management companies' voting and engagement policies
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on inspections of asset management companies' voting and engagement policies, which are relevant to ESG and sustainability considerations.
Long term investment Equity Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers French retail investor stock market activity: the AMF analyses changes in behaviour between...
Why this matters
This regulatory update from the AMF (French financial markets regulator) analyzes changes in behavior between women and men in French retail investor stock market activity.
MiCA Crypto-assets Innovation Implementation of MiCA: The AMF applies ESMA and EBA Guidelines on the assessment of the suitability of members of the management body
Why this matters
This regulatory update from the AMF relates to the implementation of the Markets in Crypto-Assets (MiCA) regulation, which will impact crypto-asset firms and fintechs. It specifically covers the assessment of the suitability of members of the management body, which is a key governance requirement under MiCA.
Risk and Trend Mapping Markets Fixed income Asset management Other professionals Executive & other private individuals Fintech The AMF publishes its 2025 Markets and Risk Outlook
Why this matters
This regulatory update from the AMF covers the 2025 Markets and Risk Outlook, which is likely to impact investment managers, capital markets participants, and fintech firms. Key topics include ESG/sustainability, technology/cyber risks, and reporting/disclosure requirements.
Asset management Collective investments Savings protection Crowdfunding: the AMF urges investors to exercise extreme caution due to the risks of project owner default or crowdfunding platform failure
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) in France warns investors about the risks of crowdfunding, including the potential for project owner default and crowdfunding platform failure.
Supervision Professional certification Asset management Journalists Investment management companies The AMF publishes the findings of its inspections on the verification and assessment of employee knowledge within asset management companies
Why this matters
This regulatory update from the AMF focuses on inspections related to the verification and assessment of employee knowledge within asset management companies. This is relevant for investment management and wealth management firms, as it relates to consumer protection, licensing, and governance requirements.
Annual report Savings protection Marketing Retail investors Journalists The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment has published its 2024 Annual Report
Why this matters
This annual report from the ACPR and AMF Joint Unit covers key regulatory developments and oversight across the banking, investment, and insurance sectors, with a focus on consumer protection, reporting requirements, and licensing/authorization. The content is informational in nature.
MiCA Crypto-assets Crypto-assets: the AMF clarifies its policy on DASPs authorised under the PACTE Law to take account of the transitional period and facilitate the transition to MiCA
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) in France clarifies its policy on Digital Asset Service Providers (DASPs) authorized under the PACTE Law, in light of the upcoming transition to the EU's MiCA regulation.
Marketing Long term investment Other professionals Retail investors Journalists The stock market investor journey: the AMF analyses the mobile applications of 14 institutions
Why this matters
This regulatory update from the AMF analyzes the mobile applications of 14 financial institutions, covering topics related to retail investor protection, technology/digital channels, and disclosure requirements.
Annual report Institutional Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This is an annual report from the AMF, the French financial markets regulator, covering a range of topics relevant to investment management, capital markets, and crypto/digital assets firms. The report likely contains information on regulatory developments, authorizations, and technology/cyber issues in these areas.
This regulatory update discusses increased retail investor activity, which impacts investment management firms, capital markets, and wealth management firms. The key topics covered are consumer protection, market abuse, and reporting requirements for these types of firms.
Governance Journalists Listed companies and issuers Women on Boards Directive: the AMF is now the competent authority for analysing and monitoring gender balance among the directors of listed companies
Why this matters
This regulatory update is relevant to listed companies, particularly those in the banking, investment management, and wealth management sectors. It addresses gender balance on boards, which is an important ESG and governance consideration.
This regulatory update from the AMF discusses the continued downward trend in financial investment fees, which is relevant for investment management firms, wealth managers, and banks that offer investment products. The topics covered include consumer protection, reporting and disclosure, and prudential requirements.
Asset management MMF The AMF applies ESMA's guidelines on updating stress scenario parameters, in accordance with Article 28 of the Money Market Funds Regulation
Why this matters
This regulatory update from the AMF applies ESMA's guidelines on updating stress scenario parameters for money market funds, which is relevant for investment managers, banks, and broker-dealers that operate or invest in money market funds.
Cooperation Europe & international The AMF applies the joint guidelines issued by the European Supervisory Authorities to facilitate the exchange of information between National Competent Authorities
Why this matters
This regulatory update from the AMF applies joint guidelines issued by European Supervisory Authorities to facilitate information exchange between national competent authorities.
Asset management Individual investment mandate Fees: the AMF updates its doctrine following the announcement of the abolition of transaction fees in situations of discretionary management
Why this matters
This regulatory update from the AMF relates to changes in the doctrine around transaction fees for discretionary asset management, which impacts investment managers and wealth managers.
Marketing Investment advice The AMF reminds financial investment advisors of their professional obligations when using financial product listing platforms
Why this matters
This regulatory update from the AMF is relevant for financial investment advisors, particularly those using financial product listing platforms. It focuses on their professional obligations around consumer protection and licensing requirements.
Anti-money Laundering Asset management Crypto-assets Anti-money laundering and countering the financing of terrorism: the AMF applies the guidelines of the European Banking Authority on restrictive measures for crypto-asset service providers
Why this matters
This regulatory update from the AMF applies guidelines from the European Banking Authority on restrictive measures for crypto-asset service providers, which is relevant for firms operating in the crypto and digital assets sector as well as traditional financial institutions like banks and asset managers that may offer...
Marketing Derivatives or structured products Executive & other private individuals Journalists Listed companies and issuers The AMF and ACPR Joint Unit publishes its analysis of the French structured product market
Why this matters
This regulatory update from the AMF and ACPR Joint Unit analyzes the French structured product market, which is relevant for banking, capital markets, and investment management firms.
Europe & international Cooperation Financial stability, artificial intelligence, data quality and financial education at the heart of the discussions at the AMF 2025 international seminar for securities regulators
Why this matters
This regulatory update from the AMF discusses topics related to financial stability, artificial intelligence, data quality, and financial education, which are relevant for banking, investment management, and capital markets firms.
Employee savings scheme Retail investors Journalists Employee savings: employees and firms are genuinely satisfied, but there is still a great need for support and education
Why this matters
This regulatory update discusses employee savings schemes, which are relevant to banking, investment management, and wealth management firms. The key topics covered are consumer protection, reporting and disclosure requirements, and licensing/authorization for firms offering these products.
Asset management Journalists Investment management companies The AMF introduces a fast-track approval procedure for “defence” investment funds
Why this matters
This regulatory update introduces a fast-track approval procedure for 'defence' investment funds, which is relevant for asset managers and wealth managers operating investment funds. It touches on authorization and licensing requirements as well as consumer protection considerations.
Artificial intelligence Markets Innovation The International Organization of Securities Commissions (IOSCO) publishes a report on artificial intelligence in financial markets
Why this matters
This report from IOSCO covers the use of artificial intelligence in financial markets, which is relevant for firms across the capital markets sector. The key topics include technology and cyber risks, market abuse and surveillance, and reporting and disclosure requirements around AI systems.
Employee savings scheme Employee savings: a high level of satisfaction but a persistent need for support
Why this matters
This regulatory update discusses employee savings schemes, which are relevant to banking, investment management, and wealth management firms. The key topics covered are consumer protection, reporting and disclosure requirements, and licensing/authorization.
Markets Europe & international Other professionals Journalists Investment services providers The AMF calls on the European Commission for an ambitious strategy on the Savings and Investments Union project
Why this matters
This regulatory update from the AMF calls on the European Commission to develop an ambitious strategy for the Savings and Investments Union project, which is relevant for investment management firms, wealth managers, and banks that offer investment and savings products.
Artificial intelligence Innovation Market infrastructures Post-trading infrastructures Markets The AMF shares the lessons learned from its latest experiments with automated processing of regulatory data
Why this matters
This regulatory update from the AMF discusses their experiments with automated processing of regulatory data, which is relevant for capital markets firms and their use of technology and data reporting.
Asset management Publication of the 2023 asset management key figures report
Why this matters
This regulatory update relates to the publication of the 2023 asset management key figures report, which is relevant for investment management and wealth management firms. The key topics covered are reporting and disclosure requirements, as well as authorization and licensing for these types of firms.
Supervision Asset management Collective investments UCIT Other professionals Journalists Investment services providers Investment management companies The AMF publishes the findings of its thematic inspections of asset management...
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on thematic inspections of asset management companies' monitoring of fund investment ratios, compensation, and claims.
Prospectus Fixed income Sustainable Finance Professional investors Journalists Listed companies and issuers The AMF approves its first bond prospectus for European green bonds under the ‘EuGB’ standard
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) announces the approval of the first bond prospectus for European green bonds under the 'EuGB' standard.
Asset management The Autorité des Marchés Financiers (AMF) has published an analysis of the performance of the French real estate crowdfunding market, based on data collected from the 10 largest platforms in terms of inflows.
Why this matters
This regulatory update from the AMF analyzes the performance of the French real estate crowdfunding market, which is relevant for investment managers, wealth managers, and fintech firms operating in this space.
Asset management Collective investments End of life of private equity funds: the AMF amends its General Regulation and policy
Why this matters
This regulatory update from the AMF relates to changes in the rules around the end of life of private equity funds, which is relevant for asset managers operating in the investment management and capital markets sectors.
Shares ETF ETFs: strong growth for retail investors in 2024
Why this matters
This news article discusses the strong growth of ETFs for retail investors in 2024, which is relevant for investment management firms, wealth managers, and broker-dealers. It touches on consumer protection, ESG, and technology/cyber topics.
Asset management Marketing Publication of the first study on the performance of unlisted financial asset funds aimed at non-professional clients
Why this matters
This regulatory update is related to the performance of unlisted financial asset funds aimed at non-professional clients, which falls under the investment management and wealth management sectors. The key topics covered are consumer protection and reporting/disclosure requirements for these types of funds.
Europe & international Innovation Financial services providers Operational resilience – The AMF applies the Joint Guidelines on the oversight cooperation and information exchange under the Digital Operational Resilience Act (DORA)
Why this matters
This regulatory update from the AMF applies the Joint Guidelines on oversight cooperation and information exchange under the Digital Operational Resilience Act (DORA), which is relevant for banking, investment management, and wealth management firms in terms of operational resilience and technology/cyber risk...
Strategy Supervision Institutional Executive & other private individuals Journalists Investment services providers Investment management companies Listed companies and issuers The AMF publishes its action and supervisory...
Why this matters
This regulatory update from the AMF covers priorities related to investment management firms, capital markets participants, and listed companies. Key areas of focus include reporting and disclosure requirements, authorization and licensing, and governance/senior management oversight.
Innovation Institutional Crypto-assets MiCA The AMF is recognized by INATBA for Its Innovative Approach to Digital Asset Regulation
Why this matters
This news article discusses the AMF's innovative approach to regulating digital assets, which is relevant for crypto exchanges and fintech firms operating in the crypto/digital asset space. The content is informational in nature, so the urgency is low.
Innovation Market infrastructures MIFID Pilot Regime: the AMF publishes an in-depth report on the implementation of the regulation
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) relates to the implementation of the Pilot Regime, which is a new regulatory framework for market infrastructures.
Long term investment Shares Collective investments AMF 2024 Barometer: French equity investment intentions remain high
Why this matters
This regulatory update from the AMF (French financial markets regulator) discusses the results of the AMF 2024 Barometer, which indicates that French investors' intentions to invest in equities remain high.
Asset management Marketing Innovation Other professionals Professional investors Journalists Investment management companies Listed companies and issuers The AMF awards its 2024 prize for young researchers in economics to Maxime...
Why this matters
This news item announces the AMF's award of a prize for young researchers in economics, which is relevant to investment management firms and listed companies. The topics of authorization/licensing and consumer protection are implicated as the AMF is a regulatory body overseeing these areas.
Asset management The AMF updates its policy following its decision to comply with the ESMA guidelines on the names of ESG funds
Why this matters
This regulatory update from the AMF relates to changes in its policy on the naming of ESG funds, in order to comply with ESMA guidelines. This impacts investment management firms that offer ESG-focused funds.
Derivatives or structured products EMIR Refit: Update of the AMF website on notifications forms
Why this matters
This regulatory update from the AMF relates to changes in the notification forms for derivatives and structured products under the EMIR Refit regulation. This impacts firms in the banking, investment management, and capital markets sectors that deal with derivatives and structured products.
Asset management Anti-money Laundering Crypto-assets Combating money laundering and terrorist financing: the AMF applies the guidelines issued by the European Banking Authority regarding certain transfers of crypto-assets
Why this matters
This regulatory update from the AMF applies guidelines from the EBA regarding certain transfers of crypto-assets, which is relevant for asset managers, banks, and crypto exchanges in terms of AML/CFT compliance and licensing requirements.
Financial disclosures & corporate financing Periodic & ongoing disclosures Reporting ESEF Closing of the 2024 accounts: The AMF publishes recommendations and the results of its examinations of financial statements
Why this matters
This regulatory update from the AMF (French financial markets authority) provides recommendations and examination results related to the closing of 2024 financial statements.
Asset management The AMF amends its Programme of Operations Guide for Asset Management Companies
Why this matters
This regulatory update from the AMF amends the Programme of Operations Guide for Asset Management Companies, which is relevant for the investment management sector. The changes impact the authorization and licensing requirements as well as operational resilience considerations for asset managers.
Sustainable Finance Asset management The Autorité des Marchés Finances has decided to apply ESMA's Guidelines on funds' names
Why this matters
This regulatory update from the Autorité des Marchés Finances (AMF) relates to the application of ESMA's Guidelines on funds' names, which is relevant for investment management and wealth management firms that offer sustainable investment products.
Sustainable Finance Periodic & ongoing disclosures Journalists Listed companies and issuers Faced with dense and complex information, the AMF is encouraging financial institutions to continue their efforts to improve the transparency of their Taxonomy reporting
Why this matters
This regulatory update from the AMF encourages financial institutions, particularly banks, asset managers, and wealth managers, to improve the transparency of their Taxonomy reporting, which is related to ESG and sustainability disclosures.
Sustainable Finance Periodic & ongoing disclosures Journalists Listed companies and issuers The AMF publishes an educational report on listed companies' sustainability reporting
Why this matters
This regulatory update from the AMF provides an educational report on sustainability reporting for listed companies, which is relevant for investment managers, brokers, and the listed companies themselves. It covers ESG and sustainability disclosure requirements, which is a key regulatory focus area.
Financial disclosures & corporate financing Periodic & ongoing disclosures Regulatory developments The Listing Act is entering into force on December 4, 2024
Why this matters
This regulatory update on the Listing Act entering into force impacts financial firms across banking, capital markets, and asset management sectors. It relates to reporting, disclosure, and licensing requirements, making it a medium urgency development for a wide range of financial institutions.
Asset management Collective investments The AMF releases an updated stocktake of French funds equipped with liquidity management tools
Why this matters
This regulatory update from the AMF (French financial markets regulator) provides information on French funds equipped with liquidity management tools, which is relevant for asset managers and wealth managers.
Short selling Equity Stock market tumbles: still a rare phenomenon on the Paris market
Why this matters
This regulatory update discusses a drop in the Paris stock market, which is relevant for capital markets, investment management, and wealth management firms. The topics covered include market abuse, reporting and disclosure, and consumer protection.
ETF Equity MIFID Executive & other private individuals Professional investors Journalists Listed companies and issuers ETFs win over newcomers as they invest into the stock market
Why this matters
This regulatory update discusses the growing popularity of ETFs among both newcomers and professional investors in the stock market, which impacts investment management firms, capital markets, and wealth management firms.
Periodic & ongoing disclosures Sustainable Finance Publication of the first CSRD sustainability statements: AMF draws issuers’ attention to ESMA's 2024 recommendations
Why this matters
This regulatory update from the AMF (French financial markets authority) is relevant for banking, investment management, and capital markets firms, as it discusses the publication of the first CSRD (Corporate Sustainability Reporting Directive) sustainability statements and ESMA's upcoming 2024 recommendations.
Cooperation Markets Executive & other private individuals Professional investors Journalists Investment services providers Investment management companies Listed companies and issuers The AMF and the AMMC are strengthening their...
Why this matters
This regulatory update indicates strengthened cooperation between the AMF and AMMC, which is likely to impact authorization, reporting, and prudential requirements for firms operating in the banking, investment management, and capital markets sectors.
Asset management Marketing The Autorité des Marchés Financiers (AMF) has published a recommendation governing the distribution of actively managed certificates (AMCs) to retail clients
Why this matters
This regulatory update from the AMF governs the distribution of actively managed certificates to retail clients, which impacts investment management firms, broker-dealers, and wealth managers. It relates to consumer protection and authorization/licensing requirements.
Shares ETF Investment services In Q3 2024, for the first time, new ETF investors outnumbered new equity investors
Why this matters
This regulatory update discusses a shift in investment trends, with ETF investors outpacing new equity investors in Q3 2024. This information is relevant for investment management firms, wealth managers, and broker-dealers who may need to adjust their product offerings and marketing strategies to cater to the changing...
Supervision Asset management MMF AIFMD Journalists Investment services providers Investment management companies The AMF publishes the findings of a new series of SPOT inspections on the quality of regulatory reporting data
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on the findings of inspections related to the quality of regulatory reporting data by asset managers. This is a medium priority issue as it relates to core compliance and reporting requirements for investment firms.
Shares ETF The AMF analyses new investment practices: listed shares, ETFs and crowdfunding
Why this matters
This regulatory update from the AMF analyzes new investment practices related to listed shares, ETFs, and crowdfunding. This impacts investment managers, broker-dealers, and fintech firms operating in these areas. Key topics include consumer protection, market abuse, and reporting requirements.
Long term investment Savings protection Retail investors Journalists The Autorité des Marchés Financiers (AMF) launches a major financial education campaign aimed at young investors
Why this matters
This regulatory update from the AMF focuses on a financial education campaign aimed at young investors, which is relevant for investment managers, wealth managers, and the broader retail investor population. The key topics covered are consumer protection and financial education.
Asset management Regulatory developments AMF amends its Programme of Operations Guide for Asset Management Companies
Why this matters
This regulatory update from the AMF amends the Programme of Operations Guide for Asset Management Companies, which impacts the authorization and operational requirements for asset managers in France.
Sustainable Finance Periodic & ongoing disclosures ESMA’s communications to support the implementation and supervision of corporate sustainability reporting
Why this matters
This regulatory update from ESMA is focused on supporting the implementation and supervision of corporate sustainability reporting, which is relevant for banking, investment management, and capital markets firms.
Institutional Organisational rules Journalists The Autorité des Marchés Financiers (AMF) signs #JamaisSansElles Charter
Why this matters
This news item discusses the AMF signing the #JamaisSansElles Charter, which aims to promote gender diversity in the financial industry. This is a general organizational policy update that impacts a range of financial firms, particularly asset managers, broker-dealers, and wealth managers, and relates to governance...
MiCA Crypto-assets MiCA Regulation: AMF now accepting applications for authorisation as a CASP
Why this matters
This regulatory update is relevant for crypto firms, specifically crypto exchanges, as it announces that the AMF is now accepting applications for authorization as a CASP (Crypto-Asset Service Provider) under the MiCA regulation. This is an important licensing requirement for crypto firms operating in the EU.
AMF activity Institutional The AMF publishes its 2023 CSR Report
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) relates to the publication of its 2023 Corporate Social Responsibility (CSR) Report. This is an informational update that covers ESG and sustainability reporting, as well as authorisation and licensing requirements, which are relevant for asset...
Asset management The Autorité des Marchés Financiers (AMF) announces withdrawal of the authorisation of the portfolio asset management company Wide Asset Management as of 8 July 2024
Why this matters
This regulatory update from the AMF announces the withdrawal of authorization for the portfolio asset management company Wide Asset Management, which is relevant for asset managers operating in the investment management sector.
Regulatory developments Post-trading infrastructures Market infrastructures Cooperation Journalists AMF and Banque de France call for a well-anticipated move to T+1 Settlement Cycle
Why this matters
This regulatory update from the AMF and Banque de France calls for a move to a T+1 settlement cycle, which will impact banking, capital markets, and investment management firms.
Shares ETF Collective investments Long term investment The activity of retail investors active in equities and ETFs increased further in Q2 2024
Why this matters
This regulatory update discusses increased activity of retail investors in equities and ETFs, which is relevant for investment management firms, broker-dealers, and wealth managers that serve retail clients. The topics covered include consumer protection, market abuse, and reporting requirements.
MIFID Fixed income The AMF proposes a methodology for calibrating the thresholds determining the transparency regime applicable to corporate bond transactions.
Why this matters
This regulatory update from the AMF proposes a methodology for calibrating transparency thresholds for corporate bond transactions, which is relevant for banks and broker-dealers operating in capital markets. It relates to market transparency and reporting requirements.
Asset management Notification forms for the cross-border exercise of the activities of passemanagement companies, and the marketing of UCITS and AIFs: the AMF updates its doctrine
Why this matters
This regulatory update from the AMF relates to notification forms for the cross-border exercise of activities by asset management companies, as well as the marketing of UCITS and AIFs. It impacts investment management and wealth management firms that operate across borders.
Sustainable Finance Asset management Other professionals Journalists Investment management companies The Autorité des Marchés Financiers (AMF) publishes the findings of three supervisory initiatives on sustainable finance
Why this matters
This regulatory update from the AMF focuses on supervisory initiatives related to sustainable finance, which is relevant for investment management firms, wealth managers, and the broader financial industry.
Innovation Artificial intelligence AMF launches its "innovation workshops"
Why this matters
This news item announces the launch of 'innovation workshops' by the AMF, the French financial markets regulator. This indicates a focus on supporting innovation and new technologies in the financial sector, particularly for banks, asset managers, and fintech firms.
Artificial intelligence Innovation Financial products Financial services providers Artificial intelligence: the AMF encourages market stakeholders to take part in two European Commission initiatives on issues specific to the financial sector
Why this matters
This regulatory update from the AMF encourages market stakeholders in the financial sector to participate in two European Commission initiatives related to artificial intelligence.
Supervision Asset management Journalists Investment management companies The AMF has published a summary of its SPOT inspections of financial management delegation arrangements at asset management companies
Why this matters
This regulatory update from the AMF focuses on inspections of financial management delegation arrangements at asset management companies, which is relevant for the investment management and wealth management sectors.
Sustainable Finance Governance Financing the economy Other professionals Journalists Investment management companies Listed companies and issuers The AMF and the ACPR have published their report on the monitoring and assessment of the climate...
Why this matters
This regulatory update from the AMF and ACPR focuses on monitoring and assessing the climate commitments made by Paris financial centre participants. It is relevant for banking, investment management, and capital markets firms, as well as listed companies, in relation to ESG/sustainability reporting and disclosure...
Institutional Europe & international Cooperation AMF Chair Marie-Anne Barbat-Layani meets with CSRC Vice Chairman, Fang Xinghai
Why this matters
This regulatory update discusses a meeting between the AMF Chair and the CSRC Vice Chairman, which is likely to involve discussions around cross-border cooperation, regulatory alignment, and information sharing between European and Chinese financial authorities.
Annual report Savings protection Marketing Retail investors Journalists The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment has published its 2023 Annual Report
Why this matters
This annual report from the ACPR and AMF Joint Unit covers key regulatory developments and oversight across the banking, investment, and insurance sectors, with a focus on consumer protection, reporting requirements, and authorization/licensing. The content is informational in nature.
Sustainable Finance Investment advice Long term investment Retail investors Journalists Mystery shopping visits to bank branches: the collection of client sustainability preferences remains fragmented
Why this matters
This regulatory update focuses on the collection of client sustainability preferences by bank branches, which is relevant for banking, wealth management, and investment management firms. The key topics covered are ESG/sustainability, consumer protection, and reporting/disclosure requirements.
Asset management Anti-money Laundering Money laundering and terrorist financing: the AMF publishes its sectoral risk analysis
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on the sectoral risk analysis for anti-money laundering and counter-terrorist financing in the asset management and wealth management sectors. It is of medium urgency for firms in these sectors to review the analysis and ensure compliance.
Asset management The Autorité des Marchés Financiers (AMF) withdraws the authorisation of the portfolio asset management company Wide Asset Management
Why this matters
This regulatory update from the AMF announces the withdrawal of authorization for the portfolio asset management company Wide Asset Management, which is relevant for investment management and wealth management firms.
Mediation Annual report Retail investors Professional investors Journalists AMF Ombudsman publishes her 2023 Annual Report
Why this matters
This regulatory update from the AMF Ombudsman covers mediation and annual reporting, which are relevant for investment managers, wealth managers, and banks that serve retail and professional investors. The topics include consumer protection, reporting and disclosure, and licensing/authorization requirements.
Asset management ETF Active ETFs: the AMF publishes a recommendation on the transparency of portfolios
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on transparency requirements for active ETFs, which are relevant for investment managers, broker-dealers, and crypto exchanges offering these products.
Asset management MMF AMF complies with ESMA guidelines on updating the stress scenario parameters provided for in Article 28 of the Money Market Funds Regulation for 2024
Why this matters
This regulatory update from the AMF relates to compliance with ESMA guidelines on stress scenario parameters for money market funds, which is relevant for investment managers, banks, and broker-dealers that operate or invest in money market funds.
AMF activity Institutional The AMF has set up a CSR Committee
Why this matters
The AMF has set up a CSR (Corporate Social Responsibility) Committee, which is relevant for firms in the banking, investment management, and wealth management sectors. This touches on ESG/sustainability topics, as well as broader governance and authorization/licensing requirements.
Financial products The AMF publishes a research paper on French funds’ costs
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on research into the costs of French investment funds, which is relevant for asset managers and wealth managers operating in the French market. The topics covered include consumer protection and disclosure requirements around fund costs.
Appointment AMF activity Journalists Marie Seiller appointed Resources, Operations and Transformation Director at the Autorité des Marchés Financiers
Why this matters
This is an announcement of a new appointment at the French financial markets regulator, the Autorité des Marchés Financiers (AMF). The appointment is for the Resources, Operations and Transformation Director role, which is relevant for the oversight and operations of regulated financial firms across the banking,...
Annual report Institutional AMF activity Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment...
Why this matters
This annual report from the AMF covers a broad range of regulatory topics relevant to investment managers, capital markets participants, and fintech firms, including reporting, licensing, and technology/cyber issues.
Markets Investment services Financing the economy Supervision ESMA's 20 recommendations for more efficient and attractive European markets
Why this matters
This regulatory update from ESMA provides recommendations to improve the efficiency and attractiveness of European markets, covering areas such as market surveillance, reporting requirements, and authorization processes. It is relevant for capital markets participants, investment managers, and wealth managers.
Appointment AMF activity Retail investors Journalists France Mayer appointed Retail Investor Relations and Protection Director at the Autorité des Marchés Financiers
Why this matters
This regulatory update announces the appointment of France Mayer as the Retail Investor Relations and Protection Director at the Autorité des Marchés Financiers (AMF), the French financial markets regulator.
Long term investment Equity ETF Retail investors Professional investors Journalists Dashboard of retail investors active on the stock market: sharp increase in retail ETF activity in Q1 2024
Why this matters
This regulatory update focuses on the activity of retail investors in the stock market, particularly the sharp increase in retail ETF activity in Q1 2024. This is relevant for investment management firms, broker-dealers, and wealth managers that cater to retail investors.
Asset management The AMF completes its policy on gates in master-feeder structures
Why this matters
This regulatory update from the AMF relates to policy changes on gates in master-feeder fund structures, which is relevant for investment managers and wealth managers.
Financial disclosures & corporate financing Equity Journalists Listed companies and issuers Amendment to the AMF General Regulation makes "retail" tranche optional for initial public offerings
Why this matters
This regulatory update from the AMF (French financial markets authority) is relevant for broker-dealers and listed companies involved in initial public offerings. It changes the requirements around the 'retail' tranche, which impacts reporting and disclosure as well as the authorization process for IPOs.
Asset management Europe & international Journalists Investment management companies Austrian, French, Italian and Spanish financial market authorities give their key priorities for a macro-prudential approach to asset management
Why this matters
This regulatory update from European financial authorities focuses on their priorities for a macro-prudential approach to asset management, which impacts investment management firms, banks, and broker-dealers. Key topics include prudential requirements, ESG, and reporting/disclosure.
Fees Collective investments Shares ETF Less expensive investment funds for savers in 2023 according to the AMF's Household Savings Newsletter
Why this matters
This regulatory update from the AMF discusses changes to investment fund fees, which impacts investment managers, wealth managers, and banks that offer collective investment products to retail investors. The update is informational in nature, providing an overview of trends in investment fund costs for savers.
This regulatory update concerns the withdrawal of approval for a token offering, which is a significant event for crypto firms and requires prompt attention.
Professional certification AMF activity Journalists The Autorité des Marchés Financiers announces the new composition of the Financial Skills Certification Board
Why this matters
This regulatory update announces changes to the composition of the Financial Skills Certification Board, which is relevant for firms in the banking, investment management, and capital markets sectors.
Appointment AMF activity Journalists Pauline Briand joins the Autorité des Marchés Financiers (AMF) as Head of Communications
Why this matters
This is an informational news article about the appointment of a new Head of Communications at the French financial regulator AMF. It is relevant for firms in the banking, investment management, and capital markets sectors, particularly those that interact with the AMF and its communications.
Asset management ROSA Extranet: changes to authorisation and declaration processes for collective investments
Why this matters
This regulatory update from the AMF relates to changes in the authorization and declaration processes for collective investment schemes, which is relevant for asset managers and wealth managers.
Asset management Anti-money Laundering Combatting money laundering and terrorist financing: AMF applies two sets of European Banking Authority guidelines
Why this matters
This regulatory update from the AMF applies two sets of European Banking Authority guidelines related to combatting money laundering and terrorist financing, which is relevant for investment managers, banks, and wealth managers.
Innovation Savings protection AMF activity Open Data: publication on data.gouv.fr of the list of Asset Management Companies (AMCs) authorized by the AMF, of the white lists of Digital Asset Service Providers (DASPs) and offers of investments in miscellaneous assets
Why this matters
This regulatory update from the AMF (French financial markets authority) announces the publication of lists of authorized asset management companies, digital asset service providers, and investment offers on the French open data platform data.gouv.fr.
Supervision Marketing MIFID Journalists Investment services providers Investment management companies AMF calls on investment services providers to take account of the specific nature of temporary ownership dismemberment when marketing SCPI units
Why this matters
This regulatory update from the AMF (French financial markets authority) is focused on investment services providers and investment management companies marketing SCPI (real estate investment trust) units.
Sustainable Finance Financial products Asset management Europe & international Regulatory developments The AMF publishes, in a position paper, the key principles it believes should guide the SFDR review
Why this matters
This regulatory update from the AMF (French financial markets authority) provides guidance on the review of the Sustainable Finance Disclosure Regulation (SFDR), which is relevant for asset managers operating in Europe.
AMF activity Appointment Journalists Ten new key figures admitted to the Board of the Autorité des Marchés Financiers
Why this matters
This regulatory update announces the appointment of new board members to the French financial markets regulator, the Autorité des Marchés Financiers (AMF). This is an informational update that impacts a range of financial firms operating in the French market, including asset managers, broker-dealers, and banks, as the...
Investment advice Asset management Definition of investment advice: AMF updates its doctrine
Why this matters
This regulatory update from the AMF (French financial markets authority) relates to the definition of investment advice, which is relevant for asset managers and wealth managers. It covers consumer protection and licensing/authorization topics.
Derivatives or structured products EMIR Refit: Update of the AMF website on notifications forms
Why this matters
This regulatory update from the AMF relates to EMIR Refit and the notification forms for derivatives and structured products, which is relevant for banking, investment management, and capital markets firms that deal in these instruments.
Europe & international Periodic & ongoing disclosures The European single access point for financial and non-financial information on European entities (ESAP) enters its implementation phase
Why this matters
This regulatory update is relevant for financial firms, particularly those in the banking, investment management, and capital markets sectors. It covers topics related to reporting and disclosure, ESG/sustainability, and technology/cyber, which are key focus areas for firms.
Sustainable Finance Periodic & ongoing disclosures Journalists Listed companies and issuers AMF publishes an educational guide on companies’ climate transition plans prepared by its Climate and Sustainable Finance Commission
Why this matters
This regulatory update from the AMF provides an educational guide on companies' climate transition plans, which is relevant for investment managers, wealth managers, and listed companies in terms of ESG and sustainability reporting and disclosure requirements.
Periodic & ongoing disclosures Sustainable Finance Consequences from 2024 of the transposition of the CSRD for large listed companies
Why this matters
This regulatory update is relevant for large listed companies, particularly those in the capital markets, investment management, and wealth management sectors. It discusses the consequences of the transposition of the Corporate Sustainability Reporting Directive (CSRD), which will impact reporting and disclosure...
Supervision Investment services Journalists Investment services providers AMF encourages investment services providers to strengthen their procedures for handling client complaints
Why this matters
This regulatory update from the AMF focuses on investment services providers strengthening their procedures for handling client complaints, which impacts firms in the investment management, wealth management, and capital markets sectors.
Innovation MIFID The AMF reminds investment firms of the rules for identifying retail investors when reporting transactions
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) is relevant for investment firms that need to identify retail investors when reporting transactions.
AMF activity Institutional Journalists Astrid Milsan will act as Secretary General of the AMF until 15 April 2024
Why this matters
This is an announcement about a change in leadership at the AMF, the French financial markets regulator. It is relevant for banks, asset managers, and wealth managers operating in France as they will interact with the AMF and its new Secretary General.
Asset management Entry into force of the revised European Long-Term Investment Fund Regulation (ELTIF 2) - AMF clarifies fund authorisation requirements
Why this matters
This regulatory update from the AMF provides information on the entry into force of the revised European Long-Term Investment Fund Regulation (ELTIF 2), which impacts asset managers and wealth managers authorizing and operating ELTIF funds. The update also covers ESG/sustainability requirements related to ELTIF funds.
Strategy Supervision Institutional Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services...
Why this matters
This regulatory update from the AMF covers a range of topics relevant to investment management firms, capital markets participants, and fintechs, including technology and cyber, licensing, and reporting requirements.
Long term investment Collective investments Shares Retail investors Journalists Equity investment: intentions on the rise again, driven by young people
Why this matters
This regulatory update discusses a rise in equity investment intentions, particularly among young people. This is relevant for investment management firms, wealth managers, and broker-dealers that serve retail investors.
Supervision Asset management Journalists Investment management companies The AMF publishes summary of third thematic inspection of asset management companies' cybersecurity systems
Why this matters
This regulatory update from the AMF focuses on the cybersecurity systems of asset management companies, which is relevant for investment management and wealth management firms. The topics covered include operational resilience and technology/cyber risk, which are high priority areas for these types of firms.
Asset management UCIT Collective investments The AMF updates its policy on disclosures by collective investment schemes incorporating non-financial methods
Why this matters
This regulatory update from the AMF focuses on disclosure requirements for collective investment schemes that incorporate non-financial methods, which is relevant for asset managers and wealth managers.
Asset management Changes to CIU authorisation and declaration processes
Why this matters
This regulatory update from the AMF relates to changes in the authorization and declaration processes for Collective Investment Undertakings (CIUs), which are relevant for asset managers.
Asset management Requirements for investment committees and the affiliation of fund managers of asset management companies: the AMF updates its policy
Why this matters
This regulatory update from the AMF (French financial markets authority) focuses on requirements for investment committees and the affiliation of fund managers at asset management companies. It is relevant for asset managers and impacts their governance and licensing/authorization.
Governance Periodic & ongoing disclosures Journalists Listed companies and issuers AMF proposes enhanced investor information when evaluating boards of listed companies
Why this matters
This regulatory update from the AMF proposes enhanced investor information requirements for evaluating the boards of listed companies. This impacts capital markets, wealth management, and investment management firms that are subject to these disclosure rules.
Markets Institutional Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers Investment management companies Listed companies and issuers The AMF presents...
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) announces the presentation of the 2023 Young Researcher Award to Sylvain Carré. This is an informational update relevant to investment management firms, capital markets participants, and listed companies as it recognizes research contributions in...
Asset management UCIT The AMF releases a research paper on French bond funds' flow-performance relationship
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on research related to the flow-performance relationship of French bond funds, which is relevant for investment management firms, banks, and broker-dealers operating in the French capital markets.
Long term investment Risk and Trend Mapping Retail investors Professional investors Journalists Investment management companies Listed companies and issuers Gamification tends to increase investment risk-taking, according to behavioural...
Why this matters
This regulatory update discusses the impact of gamification on investment risk-taking behavior, which is relevant for investment management firms, wealth managers, and broker-dealers that serve retail investors.
Sustainable Finance Periodic & ongoing disclosures Journalists Investment services providers Investment management companies Listed companies and issuers The AMF publishes a second educational report on taxonomy reporting by listed companies
Why this matters
This regulatory update from the AMF (French financial markets authority) relates to taxonomy reporting requirements for listed companies, which is relevant for investment management firms and listed companies.
Long term investment Equity Journalists Investment services providers Investment management companies Listed companies and issuers An OECD study for the AMF profiles new French retail investors
Why this matters
This regulatory update profiles new French retail investors, which is relevant for investment management firms, wealth managers, and broker-dealers that serve this client segment. The topics covered include consumer protection, reporting and disclosure, and licensing requirements.
Marketing Savings protection Retail investors Professional investors Journalists The ACPR and AMF encourage financial institutions to continue their efforts to take account of the vulnerability of ageing clients
Why this matters
This regulatory update from the ACPR and AMF encourages financial institutions to consider the vulnerability of aging clients, which impacts consumer protection, operational resilience, and governance. It is relevant for banks, wealth managers, and the broader financial industry.
Cooperation Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers Investment management companies Listed companies and issuers The AMF and the US...
Why this matters
This regulatory update involves a memorandum of understanding (MOU) between the AMF and the US CFTC for the supervision of certain cross-border firms, which is relevant for capital markets, investment management, and firms operating in both jurisdictions.
Asset management Pan-European Personal Pension Products: the AMF complies with EIOPA guidelines
Why this matters
This regulatory update from the AMF relates to the compliance of Pan-European Personal Pension Products with EIOPA guidelines, which is relevant for investment managers and insurance firms offering these products.
Asset management Loans originated by AIFs: the AMF amends its guidelines on reporting requirements
Why this matters
This regulatory update from the AMF (French financial regulator) amends reporting requirements for alternative investment funds (AIFs) that originate loans. This impacts asset managers and banks involved in loan origination activities, requiring changes to their reporting and compliance processes.
Supervision Asset management Compliance Journalists Investment management companies Regulatory reporting by asset management companies: the AMF calls for greater diligence
Why this matters
This regulatory update from the AMF focuses on reporting and compliance requirements for asset management companies, indicating a medium level of urgency for this sector.
Cooperation AMF Chair Marie-Anne Barbat-Layani meets with ASIC Chair Joseph Longo
Why this matters
This regulatory update discusses a meeting between the chairs of the AMF and ASIC, the financial regulators of France and Australia respectively. This indicates cooperation and dialogue between regulators, which is relevant for firms operating in the banking, investment management, and wealth management sectors across...
Fees Savings protection Other professionals Retail investors Journalists Investment services providers The AMF ensures that retail investors are properly informed on fees of financial products
Why this matters
This regulatory update from the AMF focuses on ensuring retail investors are properly informed about the fees of financial products, which impacts investment management firms, wealth managers, and banks that offer these products.
Appointment Institutional AMF activity Other professionals Executive & other private individuals Retail investors Fintech Professional investors Journalists Investment services providers Investment management...
Why this matters
This regulatory update announces the appointment of a new Secretary General at the AMF, the French financial markets regulator. This is an institutional change that impacts various financial firms under AMF's supervision, including asset managers, banks, brokers, and wealth managers.
Asset management Investment advice Regime applicable to financial investment advisers: update of Position-Recommendation DOC-2006-23
Why this matters
This regulatory update from the AMF relates to the regime applicable to financial investment advisers, which impacts asset managers and wealth managers. It covers consumer protection and licensing/authorization requirements.
Asset management MIFID Financial services providers MiFID II product governance requirements: the AMF applies the updated ESMA guidelines
Why this matters
This regulatory update from the AMF applies updated ESMA guidelines on MiFID II product governance requirements, which are relevant for investment management firms, broker-dealers, and banks that offer financial products to consumers. The update covers consumer protection, licensing, and reporting obligations.
MiCA Crypto-assets Innovation Markets in crypto-assets: publication of the MiCA regulation
Why this matters
This regulatory update on the publication of the MiCA regulation is highly relevant for firms operating in the crypto-assets and digital assets space, as well as capital markets and payments firms that interact with crypto-assets.
Savings protection Cooperation Crypto-assets Retail investors Fintech Journalists The AMF and the ARPP launch the Responsible Influence Certificate in Finance
Why this matters
This regulatory update announces the launch of a new 'Responsible Influence Certificate in Finance' by the AMF and ARPP, which is likely to impact asset managers, fintechs, and crypto firms that engage in influencer marketing or other forms of digital promotion to retail investors.
Investment services Investment service: amendment of the French definition of reception and transmission of orders
Why this matters
This regulatory update amends the French definition of reception and transmission of orders, which is a core investment service. This impacts investment managers, brokers, and wealth managers who provide this service. The changes relate to authorization, reporting, and consumer protection requirements.
Fixed income Markets Financial services providers The AMF publishes a study on the margins applied by brokers in the French bond market
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on the margins applied by brokers in the French bond market, which is relevant for capital markets participants and banks operating in this space. The topics covered include market abuse/surveillance and reporting/disclosure requirements.
Institutional AMF activity Journalists The AMF pays tribute to Jacques Delmas-Marsalet
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) pays tribute to Jacques Delmas-Marsalet, which is likely related to his role and contributions in the financial services industry, particularly in the banking, investment management, and wealth management sectors.
MiCA Crypto-assets Regulatory developments Digital assets: the AMF amends its General Regulation and its policy on DASP in light of enhanced registration and the MiCA Regulation
Why this matters
This regulatory update from the AMF amends its General Regulation and policy on digital asset service providers (DASPs) in light of the upcoming MiCA Regulation. It is relevant for crypto exchanges and fintech firms operating in the digital asset space, as it covers changes to authorization and licensing requirements...
Asset management The Autorité des Marchés Financiers (AMF) announces withdrawal of the authorisation of the portfolio asset management company Quantology Capital Management as of 30 June 2023
Why this matters
This regulatory update from the AMF announces the withdrawal of authorization for the portfolio asset management company Quantology Capital Management, which is relevant for investment management firms and their licensing/authorization status.
Collective investments Asset management The AMF updates its policy on the information to be provided by collective investment schemes incorporating non-financial approaches
Why this matters
This regulatory update from the AMF focuses on the information requirements for collective investment schemes that incorporate non-financial approaches, such as ESG factors.
Crypto-assets Innovation Market infrastructures Post-trading infrastructures Market infrastuctures on blockchain technology: adaptation of the French securities laws
Why this matters
This regulatory update from the AMF (French financial regulator) relates to the adaptation of French securities laws to accommodate blockchain-based market infrastructures. This is relevant for banks, fintechs, and crypto exchanges operating in the French capital markets and crypto asset space.
Anti-money Laundering Asset management Anti-money laundering and combating the financing of terrorism: the AMF applies the guidelines of the European Banking Authority
Why this matters
This regulatory update from the AMF applies guidelines from the European Banking Authority related to anti-money laundering and combating the financing of terrorism, which is relevant for banking, investment management, and wealth management firms.
Regulatory developments Post-trading infrastructures Market infrastructures Central counterparties’ recovery and resolution: AMF complies with ESMA guidelines
Why this matters
This regulatory update from the AMF relates to central counterparties' recovery and resolution, which is relevant for capital markets, investment management, and wealth management firms that interact with central counterparties.
Long term investment Equity Retail investors Journalists Close to 40% of new equity investors are under 35
Why this matters
This regulatory update discusses trends in equity investing, particularly the growing participation of younger investors. This information is relevant for investment managers, wealth managers, and broker-dealers who serve retail investors.
Crypto-assets Digital assets: the AMF amends its policy on DASPs to clarify the transition to "enhanced" DASP registration
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) in France amends its policy on Digital Asset Service Providers (DASPs) to clarify the transition to an 'enhanced' DASP registration regime.
Professional certification Sustainable Finance The AMF updates its instructions on AMF certification and the sustainable finance module
Why this matters
This regulatory update from the AMF relates to changes in certification requirements and a new sustainable finance module, which is relevant for investment managers, wealth managers, and the broader financial industry.
Long term investment Sustainable Finance Collective investments Retail investors Journalists Sustainable investment: growing interest among French people, especially the youngest
Why this matters
This regulatory update discusses growing interest in sustainable investment among French people, especially the younger generation. This is relevant for investment managers, wealth managers, and the broader financial industry as it indicates increasing demand for sustainable investment products and services.
Innovation Savings protection AMF activity The AMF reinforces the visibility of its blacklists through Open Data
Why this matters
This regulatory update from the AMF (French financial markets authority) relates to the reinforcement of the visibility of its blacklists through open data. This impacts firms in the banking, investment management and wealth management sectors, particularly around consumer protection, reporting requirements and...
Risk and Trend Mapping Markets Europe & international Asset management Other professionals Market Infrastructures Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
This regulatory update from the AMF covers a range of topics related to investment management, capital markets, and asset management. It includes information on risk and trend mapping, as well as issues around ESG, market abuse, and reporting and disclosure.
Supervision Asset management Journalists Investment management companies The AMF examines the systems for valuation of the less liquid assets of UCITS and AIFs
Why this matters
This regulatory update from the AMF examines the valuation systems for less liquid assets held by UCITS and AIFs, which are relevant for investment management and wealth management firms. It touches on prudential and operational resilience considerations around asset valuation.
Annual report Savings protection Marketing Financial products Retail investors Journalists The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment publishes its 2022 annual report
Why this matters
This regulatory update covers the annual report from the joint unit of the French financial regulators ACPR and AMF, which oversees insurance, banking, and retail investment.
Annual report Institutional Strategy AMF activity Retail investors Post-trade Infrastructures Journalists Investment management companies Listed companies and issuers Impact 2027: six main strategic guidelines for...
Why this matters
This regulatory update from the AMF covers strategic guidelines for 2023-2027 that impact investment management companies, wealth managers, and banks. The key focus areas are consumer protection, ESG/sustainability, and reporting/disclosure requirements.
Periodic & ongoing disclosures Sustainable Finance The AMF supports issuers in implementing new sustainability reporting obligations
Why this matters
This regulatory update from the AMF focuses on new sustainability reporting obligations for issuers, which is relevant for asset managers, banks, and other financial firms more broadly.
Financial services providers Asset management Marketing European Crowdfunding Services Providers: the AMF publishes a position on marketing communications
Why this matters
This regulatory update from the AMF (French financial regulator) is focused on marketing communications for European Crowdfunding Service Providers, which are relevant for asset managers, broker-dealers, and fintech firms operating in the crowdfunding space.
Investment advice MIFID Asset management MiFID II suitability assessment: the AMF applies the updated ESMA guidelines
Why this matters
This regulatory update from the AMF applies the updated ESMA guidelines on suitability assessments under MiFID II, which is relevant for investment firms providing investment advice and portfolio management services.
Asset management Employee savings funds: the AMF amends its policy on the simplified integration of liquidity management tools
Why this matters
This regulatory update from the AMF (French financial markets authority) amends its policy on the simplified integration of liquidity management tools for employee savings funds, which are investment vehicles for employee retirement savings.
Supervision Asset management Sustainable Finance Journalists Investment management companies The AMF publishes a summary on the internal processes that aim to ensure compliance with non-financial contractual commitments by asset management companies of ESG/SRI funds
Why this matters
This regulatory update from the AMF (French financial markets authority) focuses on the internal processes that asset management companies must have in place to ensure compliance with the non-financial commitments of their ESG/SRI funds.
Mediation Annual report Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers The AMF Ombudsman publishes her 2022 Annual Report
Why this matters
This regulatory update from the AMF Ombudsman covers topics related to investment services, investment management, and listed companies. It is an informational annual report, so the urgency is low.
Regulatory developments Post-trading infrastructures Market infrastructures Central counterparties’ recovery plan: AMF complies with ESMA guidelines on recovery plan indicators and scenarios
Why this matters
This regulatory update from the AMF relates to central counterparties' recovery plans, which is relevant for capital markets, post-trading, and market infrastructure firms. It covers prudential and operational resilience topics that are important for banks, broker-dealers, and other financial firms.
Asset management Governance MiFID II remuneration requirements: the AMF applies the ESMA Guidelines
Why this matters
This regulatory update from the AMF applies the ESMA Guidelines on MiFID II remuneration requirements, which are relevant for asset managers. It covers prudential and governance aspects related to remuneration policies and practices.
Asset management Sustainable Finance Organisational rules Reporting under Article 29 of the Energy-Climate Law: the AMF updates its policy on how to prepare and submit reports
Why this matters
This regulatory update from the AMF relates to reporting requirements under Article 29 of the Energy-Climate Law, which impacts investment management and wealth management firms. The update provides guidance on how to prepare and submit these reports, which is relevant for ESG and sustainability reporting.
Innovation Markets Derivatives or structured products The AMF revises position limits applicable to agricultural commodity derivatives
Why this matters
This regulatory update from the AMF revises position limits applicable to agricultural commodity derivatives, which is relevant for capital markets participants and firms trading these products. It touches on market abuse and surveillance topics.
Savings protection Equity Savings Plan Shares Long term investment Retail investors Journalists Investment services providers Listed companies and issuers Equity savings plans : the AMF working group proposes avenues for...
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) in France focuses on proposed improvements to equity savings plans, which are investment products targeted at retail investors.
Supervision MIFID Financial services providers Other professionals Journalists Investment services providers Provision of market data: the AMF conducts a series of SPOT inspections and identifies shortcomings in compliance with requirements
Why this matters
The regulatory update indicates that the AMF conducted inspections and identified shortcomings in compliance with market data requirements, which impacts investment management firms, broker-dealers, and wealth managers that provide market data services. This requires medium urgency attention to ensure compliance.
MiCA Crypto-assets Innovation Crypto-asset markets: the MiCA regulation adopted by the European Parliament
Why this matters
This regulatory update on the MiCA regulation adopted by the European Parliament is highly relevant for crypto-asset firms and fintechs, as it introduces new authorization and licensing requirements, consumer protection measures, and market abuse rules for crypto-asset markets.
Asset management The Autorité des Marchés Financiers (AMF) has withdrawn the authorisation of the portfolio asset management company Quantology Capital Management
Why this matters
This regulatory update from the AMF involves the withdrawal of authorization for a portfolio asset management company, which is relevant to the investment management and capital markets sectors. The key topics are authorization/licensing and prudential/capital requirements for asset managers.
Long term investment Equity Savings Plan Retail investors Journalists Slight recovery of retail investor activity in the stock market
Why this matters
This regulatory update discusses a slight recovery in retail investor activity in the stock market, which is relevant for asset managers, broker-dealers, and wealth managers that serve retail clients. The topics covered include consumer protection, market abuse, and reporting/disclosure requirements.
Financial disclosures & corporate financing The AMF makes available to listed companies the English version of its recommendations and the results of its examination work of the financial statements
Why this matters
This regulatory update from the AMF provides English versions of its recommendations and examination work related to the financial statements of listed companies.
MMF Asset management Regulatory developments The AMF complies with the ESMA guidelines on updating stress test scenarios in accordance with Article 28 of the Money Market Fund Regulation for 2023
Why this matters
This regulatory update is relevant for asset managers of money market funds, as it covers compliance with ESMA guidelines on stress test scenarios under the Money Market Fund Regulation. This impacts the prudential and reporting requirements for these firms.
Appointment AMF activity Institutional Journalists Laure Tertrais is appointed Head of the AMF Chair’s Executive Office with effect from 1 April 2023
Why this matters
This is an announcement of a new appointment at the AMF, the French financial markets regulator. It is informational in nature and does not require immediate action from firms.
Sustainable Finance Asset management Sustainable Finance Disclosure Regulation: the AMF publishes a study on classifications and fossil fuel exposure in the French funds universe
Why this matters
This regulatory update from the AMF (French financial markets regulator) is focused on the Sustainable Finance Disclosure Regulation (SFDR) and the classification and fossil fuel exposure of French investment funds.
Employee savings scheme Long term investment Collective investments Retail investors Professional investors Journalists Employee savings: a sharp increase in awareness and ownership of employee savings schemes; support for employees and company managers...
Why this matters
This regulatory update discusses trends in employee savings schemes, including increased awareness and ownership. It is relevant for investment managers, wealth managers, and all firms that offer or manage employee savings products.
Long term investment Equity Retail investors Professional investors Journalists The AMF has produced the standard profile of active investors in 2022
Why this matters
This regulatory update from the AMF provides information on the standard profile of active investors in 2022, which is relevant for investment management firms, wealth managers, and broker-dealers that serve retail and professional investors.
Sustainable Finance Publication by the Climate and Sustainable Finance Commission: climate resolutions
Why this matters
This regulatory update from the AMF's Climate and Sustainable Finance Commission relates to climate resolutions, which is relevant for banking, investment management, and wealth management firms from an ESG and disclosure perspective.
Sustainable Finance Executive & other private individuals Journalists Listed companies and issuers Shareholder dialogue on environmental and climate issues
Why this matters
This regulatory update discusses shareholder dialogue on environmental and climate issues, which is relevant for banking, investment management, and capital markets firms, as well as listed companies. The key topics covered are ESG/sustainability, reporting and disclosure, and shareholder engagement.
MIFID Supervision Retail investors Journalists Mystery shopping campaign to bank branches: progress made in the questioning to client, improvements needed in the information provided
Why this matters
This regulatory update from the AMF focuses on a mystery shopping campaign to bank branches, which is relevant for banking, investment management, and wealth management firms. The key topics covered are consumer protection, reporting and disclosure requirements, and authorization and licensing.
AMF activity Asset management Contributions payable to the AMF: a new complaints form for a more effective follow-up
Why this matters
This regulatory update from the AMF relates to a new complaints form for contributions payable to the AMF, which impacts asset managers and wealth managers in the investment management and wealth management sectors. It is focused on consumer protection and reporting/disclosure requirements.
Innovation Markets AI enthusiasts, the AMF challenges you
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) in France is focused on innovation and AI in the financial services sector, particularly targeting asset managers, wealth managers, and fintech firms. The key topics covered include technology/cyber, authorization/licensing, and consumer protection.
Innovation Market infrastructures Post-trading infrastructures Market infrastructures on blockchain: Application of the EU DLT Pilot Regime from March 23rd
Why this matters
This regulatory update discusses the application of the EU DLT Pilot Regime, which is relevant for capital markets and crypto/digital asset firms. It covers technology and authorization/licensing topics, so it is of medium urgency for fintechs and crypto exchanges.
Asset management Anti-money Laundering Anti-money laundering and combating the financing of terrorism: the AMF applies the guidelines of the European Banking Authority
Why this matters
This regulatory update from the AMF applies guidelines from the European Banking Authority related to anti-money laundering and combating the financing of terrorism, which is relevant for investment managers, banks, and wealth managers.
Asset management Anti-money Laundering Money Laundering and Terrorist Financing: update of the COLB’s National Risk Assessment
Why this matters
This regulatory update from the AMF focuses on the national risk assessment for money laundering and terrorist financing, which is relevant for investment management and wealth management firms that need to comply with AML/CFT requirements.
EMIR Termination of membership towards Indian central counterparties: a transition period planned for the French credit institutions
Why this matters
This regulatory update is relevant for French credit institutions and their membership towards Indian central counterparties. It involves prudential and authorization requirements, which are of medium importance for the banking sector.
Financial disclosures & corporate financing Financial products Journalists Listed companies and issuers The AMF calls on listed companies to improve investor information regarding the risks incurred in the case of dilutive financing transactions
Why this matters
This regulatory update from the AMF calls on listed companies to improve investor information regarding the risks of dilutive financing transactions, which is relevant for capital markets and listed companies. The focus is on reporting and disclosure requirements.
Asset management Extension of the preparation of a Key Information Document to all collective investments: the AMF updates its policy
Why this matters
This regulatory update from the AMF extends the requirement to prepare a Key Information Document to all collective investments, which impacts asset managers and wealth managers. It relates to consumer protection and disclosure requirements.
Financial products Sustainable Finance Asset management Journalists Investment management companies The Sustainable Finance Disclosure Regulation: the AMF proposes a targeted review to include minimum environmental criteria
Why this matters
This regulatory update from the AMF focuses on the Sustainable Finance Disclosure Regulation, which impacts investment management firms, wealth managers, and banks that offer sustainable financial products.
Sustainable Finance Periodic & ongoing disclosures Taxonomy Article 8 reporting: publication of Frequently Asked Questions by the European Commission
Why this matters
This regulatory update is relevant for investment managers and wealth managers as it provides guidance on Article 8 taxonomy reporting, which is a key ESG disclosure requirement. The update is of medium urgency as firms need to prepare for these reporting obligations.
Savings protection Marketing Marketing of financial products to ageing populations: publication of an independent academic research report on customer relations and sales processes
Why this matters
This regulatory update focuses on the marketing of financial products to aging populations, which impacts firms across the banking, investment management, and wealth management sectors. Key topics include consumer protection, operational resilience, and disclosure requirements.
Long term investment Equity Equity Savings Plan Retail investors Journalists Investment services providers Investment management companies Listed companies and issuers Over 1.5 million retail investors bought or sold shares in...
Why this matters
This regulatory update discusses retail investor activity in the equity markets, which is relevant for investment management firms, broker-dealers, and wealth managers that serve retail clients.
Sustainable Finance Periodic & ongoing disclosures Publication of the new directive on corporate sustainability reporting (CSRD)
Why this matters
This regulatory update on the new Corporate Sustainability Reporting Directive (CSRD) is highly relevant for financial firms across banking, investment management, and capital markets sectors. It introduces new ESG reporting and disclosure requirements that these firms will need to comply with.
Artificial intelligence Financial disclosures & corporate financing Innovation Prospectus Artificial intelligence, towards new contributions for regulators
Why this matters
This regulatory update discusses the implications of artificial intelligence for financial regulators, covering topics related to financial disclosures, corporate financing, and innovation.
This regulatory update from the AMF covers a range of sectors and topics relevant to investment management, capital markets, and crypto/digital assets firms. It includes priorities around authorization, reporting, and technology/cyber, indicating medium urgency for firms in these areas to review and prepare.
Europe & international Savings protection Marie-Anne Barbat-Layani to chair ESMA's Investor Protection Standing Committee
Why this matters
This regulatory update announces the appointment of Marie-Anne Barbat-Layani as the chair of ESMA's Investor Protection Standing Committee, which is relevant for investment managers, wealth managers, and banks that provide investment services to retail clients.
This regulatory update from the AMF (Autorité des Marchés Financiers) is focused on the renewal of its consultative commissions, including the Climate and Sustainable Finance Commission.
Crypto-assets Innovation Digital assets: the AMF strengthens its policy on DASPs in relation to good repute and skills and promotional communications
Why this matters
This regulatory update from the AMF strengthens its policy on digital asset service providers (DASPs) in relation to good repute, skills, and promotional communications.
Long term investment Shares Collective investments Retail investors Journalists The AMF’s latest savings barometer finds that the French are a little less inclined to invest in the stock market
Why this matters
This regulatory update from the AMF discusses trends in French retail investor behavior, particularly their inclination to invest in the stock market. This information is relevant for investment management firms, wealth managers, and broker-dealers that serve retail clients in France.
Governance Sustainable Finance Executive & other private individuals Journalists Listed companies and issuers Social and environmental responsibility, the focus of the AMF's 2022 report on corporate governance and executive compensation of listed companies
Why this matters
This regulatory update focuses on corporate governance and executive compensation, with a particular emphasis on social and environmental responsibility. It is relevant for banking, investment management, and wealth management firms, as they will need to consider these ESG and disclosure requirements in their...
Asset management The AMF is supplementing its policy on liquidity management tools
Why this matters
This regulatory update from the AMF relates to liquidity management tools for asset managers and wealth managers, which are important for prudential requirements and operational resilience.
Asset management AMF modifies its policy to facilitate the implementation by asset management companies of the Delegated Regulation of the SFDR
Why this matters
This regulatory update from the AMF modifies its policy to facilitate the implementation of the SFDR Delegated Regulation by asset management companies. This is relevant for investment management firms and relates to ESG/sustainability reporting and disclosure requirements.
Sustainable Finance Periodic & ongoing disclosures Executive & other private individuals Journalists Listed companies and issuers The AMF publishes two analyses of the information provided by listed companies under Taxonomy reporting and concerning the effects of...
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) in France focuses on the information provided by listed companies under Taxonomy reporting and the effects of climate risk in financial statements.
Appointment Institutional AMF activity Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services...
Why this matters
This is an announcement of a new chair appointment at the French financial markets regulator, the AMF. It is informational in nature and does not require immediate action, hence the low urgency classification.
Markets Financial disclosures & corporate financing The Autorité des marchés financiers (AMF) has requested the resumption of listing of ORPEA’s securities today
Why this matters
This regulatory update from the AMF relates to the resumption of listing for securities of the company ORPEA, which is likely of interest to various financial firms including asset managers, broker-dealers, and banks.
Sustainable Finance Governance Financing the economy Other professionals Executive & other private individuals Fintech Market Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update from the AMF and ACPR focuses on monitoring and assessing the climate commitments of Paris financial center actors, which is relevant for a range of financial sectors including banking, investment management, and capital markets.
This regulatory update from the AMF is informational in nature, announcing a request for candidates to join its consultative commissions. It is relevant for investment management firms, wealth managers, and the broader financial industry.
Long term investment Shares Executive & other private individuals Retail investors Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update discusses a significant drop in the number of active retail investors in the stock market, which could impact investment management firms, wealth managers, and broker-dealers that serve this client segment.
Financial disclosures & corporate financing Financial products Executive & other private individuals Professional investors Journalists Listed companies and issuers The AMF publishes a study on the share price performance of companies using dilutive...
Why this matters
This regulatory update from the AMF focuses on the share price performance of companies using dilutive financing, which is relevant for capital markets, investment management, and wealth management firms.
Asset management The AMF updates its policy on management fees for collective investment undertakings (CIUs)
Why this matters
This regulatory update from the AMF focuses on changes to management fees for collective investment undertakings, which is relevant for asset managers and wealth managers. The updates relate to consumer protection and disclosure requirements.
Supervision UCIT Asset management Journalists Investment management companies The AMF calls on investment fund depositaries to strengthen their arrangements for the onboarding and monitoring of asset management companies
Why this matters
This regulatory update from the AMF (French financial regulator) calls on investment fund depositaries to strengthen their arrangements for onboarding and monitoring asset management companies.
Markets Executive & other private individuals Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers Investment management companies Listed companies and issuers ...
Why this matters
This regulatory update is about the AMF awarding a prize for young researchers in economics, which is informational in nature and does not require immediate action from regulated firms.
Asset management The AMF updates its doctrine to facilitate the adoption of liquidity management tools
Why this matters
This regulatory update from the AMF focuses on facilitating the adoption of liquidity management tools, which is relevant for investment managers, wealth managers, and banks that offer investment products.
Crypto-assets Anti-money Laundering Supervision Journalists Investment services providers AMF and ACPR announce the withdrawal of BYKEPS SAS’s registration as a DASP
Why this matters
This regulatory update announces the withdrawal of BYKEPS SAS's registration as a Digital Asset Service Provider (DASP), which is relevant for crypto and digital asset firms.
Equity Savings Plan Long term investment Savings protection Retail investors Journalists The AMF creates a working group on equity savings plans (PEAs)
Why this matters
This regulatory update from the AMF (French financial markets regulator) announces the creation of a working group on equity savings plans (PEAs), which are long-term investment vehicles for retail investors.
Sustainable Finance AMF activity Journalists Call for candidates: renewal of the members of the Climate and Sustainable Finance Commission
Why this matters
This regulatory update is related to the renewal of the members of the Climate and Sustainable Finance Commission, which is relevant for banking, investment management, and wealth management firms that are subject to ESG and sustainability regulations.
Short selling Markets The AMF urges market participants to notify it of any anomalies found in net short position notifications
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) is relevant for capital markets participants, particularly those involved in short selling and crypto-related activities.
Supervision Journalists Investment services providers The AMF publishes a summary of its SPOT inspections on simple, transparent and standardised securitisation
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) relates to inspections on simple, transparent and standardised securitisation, which is relevant for banking, investment management and capital markets firms.
MIFID Sustainable Finance Asset management Sustainability requirements in the distribution of financial instruments: update on upcoming legislation and its implementation dates
Why this matters
This regulatory update is focused on upcoming sustainability requirements for the distribution of financial instruments, which will impact investment managers, wealth managers, and banks.
MMF Asset management The AMF complies with the ESMA guidelines on updating stress test scenarios in accordance with Article 28 of the Money Market Fund Regulation
Why this matters
This regulatory update from the AMF relates to compliance with ESMA guidelines on stress test scenarios for money market funds, which is relevant for investment management firms and prudential/capital requirements.
AMF activity Appointment Journalists End of the term of office of the AMF chairman and interim chairmanship
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) relates to the end of the term of office of the AMF chairman and the interim chairmanship. This is relevant for banking, investment management, and capital markets firms that are regulated by the AMF.
Market infrastructures Post-trading infrastructures EMIR Common procedures and methodologies on supervisory review and evaluation process of CCPs under Article 21 of EMIR: the AMF complies with ESMA guidelines
Why this matters
This regulatory update from the AMF relates to the supervisory review and evaluation process of central counterparty clearing houses (CCPs) under EMIR. It is relevant for banks, broker-dealers, and other firms involved in capital markets and post-trading infrastructure.
MiCA Crypto-assets Innovation Cooperation Europe & international Crypto-asset markets: Agreement reached on the European Crypto-Assets regulation (MiCA)
Why this matters
This regulatory update on the European Crypto-Assets regulation (MiCA) is highly relevant for crypto-asset firms and fintechs, as it covers key topics such as authorization and licensing requirements, as well as consumer protection measures.
Savings protection Cooperation Crypto-assets Fintech Journalists The AMF and the ARPP are stepping up their cooperation to promote clear and responsible advertising of financial products
Why this matters
This regulatory update focuses on the cooperation between the AMF and ARPP to promote clear and responsible advertising of financial products, including crypto-assets. This impacts banking, investment management, and crypto firms, with implications for consumer protection, licensing, and technology/cyber risks.
Bids Financial disclosures & corporate financing The AMF reviews the key issues raised by the Veolia-Suez public offer
Why this matters
This regulatory update from the AMF discusses key issues raised by the Veolia-Suez public offer, which is relevant for banking, investment management, and capital markets firms that may be involved in or impacted by such corporate transactions.
Derivatives or structured products Journalists The AMF has published a study of the profile of participants and their positions in the Matif agricultural commodities derivatives market
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) focuses on the profile of participants and their positions in the Matif agricultural commodities derivatives market.
Supervision MAR Journalists Investment services providers Investment management companies Publication of the SPOT inspection campaign summary on market abuse prevention systems in asset management companies
Why this matters
This regulatory update from the AMF (French financial markets authority) relates to the publication of a summary of their SPOT inspection campaign on market abuse prevention systems in asset management companies.
Risk and Trend Mapping Markets Europe & international Asset management Executive & other private individuals Journalists Investment services providers Investment management companies Listed companies and issuers The...
Why this matters
This regulatory update from the AMF covers the 2022 Markets and Risk Outlook, which is likely to be informational in nature and cover trends and risks across investment management, capital markets, and asset management firms.
Supervision MIFID Journalists Investment services providers Investment management companies The AMF publishes a summary of its SPOT inspections on the theme of best execution in asset management companies
Why this matters
This regulatory update from the AMF (French financial markets regulator) focuses on inspections of asset management companies regarding best execution practices, which is a key investor protection requirement under MiFID II.
AMF activity Appointment Journalists Grégoire Vuarlot is appointed coordinator of the ACPR and AMF Joint Unit starting 1st July 2022
Why this matters
This regulatory update announces the appointment of a new coordinator for the ACPR and AMF Joint Unit, which oversees banking, investment management, and wealth management firms. The appointment is informational in nature and does not indicate any immediate regulatory changes.
Innovation AMF activity Journalists Investment services providers Investment management companies Listed companies and issuers The AMF continues its data strategy with the release of short selling data to the public
Why this matters
This regulatory update from the AMF relates to the release of short selling data to the public, which impacts capital markets and investment management firms. It also involves reporting and disclosure requirements for listed companies.
Crypto-assets Innovation Market infrastructures on blockchain technology: publication of the European Pilot Regime regulation
Why this matters
This regulatory update is focused on the publication of the European Pilot Regime regulation, which is relevant for crypto-asset and blockchain-based market infrastructure firms. It covers topics related to technology and authorization/licensing requirements for these types of firms.
Financial disclosures & corporate financing The AMF ensures compliance with major holding reporting obligations
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) relates to compliance with major holding reporting obligations, which is relevant for firms in the banking, investment management, and capital markets sectors.
Annual report Savings protection Journalists Investment services providers Investment management companies Listed companies and issuers The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment publishes its 2021 annual report
Why this matters
This regulatory update covers the 2021 annual report from the joint unit of the French financial regulators ACPR and AMF, which oversees insurance, banking, and retail investment firms.
Crypto-assets Digital assets: the AMF updates its policy on DASPs
Why this matters
This regulatory update from the AMF focuses on updating its policy on digital asset service providers (DASPs), which are firms operating in the crypto and digital assets space.
Asset management Assessing appropriateness and execution only in MiFID II: the AMF applies the ESMA guidelines
Why this matters
This regulatory update from the AMF applies ESMA guidelines on assessing appropriateness and execution only under MiFID II, which is relevant for investment managers and broker-dealers in the capital markets sector. It relates to consumer protection and authorization/licensing requirements.
Europe & international Sustainable Finance Asset management The AMF reiterates its call for a European regulation of ESG data, ratings, and related services
Why this matters
This regulatory update from the AMF calls for a European regulation of ESG data, ratings, and related services, which is relevant for investment managers, wealth managers, and banks involved in capital markets and trading activities related to ESG and sustainable finance.
Supervision Asset management Journalists Investment services providers Investment management companies The AMF publishes a summary of its findings regarding the costs and fees of UCITS marketed to retail investors
Why this matters
This regulatory update from the AMF focuses on the costs and fees of UCITS funds marketed to retail investors, which is relevant for asset managers and wealth managers that offer these products.
Asset management The AMF updates its policy on funds with high fees
Why this matters
This regulatory update from the AMF focuses on funds with high fees, which impacts investment management and wealth management firms. It relates to consumer protection and disclosure requirements.
Annual report Institutional Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update from the AMF covers their annual report and strategic plan, which is relevant for investment managers, broker-dealers, and fintech firms. The key topics include reporting and disclosure requirements, technology and cyber risks, as well as authorization and licensing for firms operating in the...
Appointment AMF activity Other professionals Executive & other private individuals Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers Investment management...
Why this matters
This regulatory update announces appointments within the French financial regulator AMF, which is relevant for investment management firms, wealth managers, and banks operating in the French market.
Marketing Investing wisely Retail investors Journalists The ACPR and AMF are urging professionals to improve their practices in online marketing of savings products and financial instruments
Why this matters
This regulatory update from the ACPR and AMF in France is focused on improving practices in the online marketing of savings products and financial instruments, which impacts a range of financial services firms that offer these products to retail investors.
Mediation Annual report Retail investors Journalists The AMF Ombudsman publishes her 2021 Annual Report
Why this matters
This regulatory update from the AMF Ombudsman covers the 2021 annual report, which is likely to be of interest to investment managers, wealth managers, and banks that serve retail investors.
Market infrastructures Post-trading infrastructures Review of the central clearing framework in the EU: the AMF publishes a position paper
Why this matters
This regulatory update from the AMF discusses a review of the central clearing framework in the EU, which is relevant for banks, broker-dealers, and asset managers involved in capital markets and trading activities.
Supervision Fixed income Journalists Investment services providers The AMF publishes a summary of its SPOT inspections on post-trade transparency in the bond market
Why this matters
This regulatory update from the AMF focuses on post-trade transparency in the bond market, which is relevant for banking and capital markets firms. The topics covered include reporting and disclosure requirements as well as market abuse and surveillance, which are important compliance areas for broker-dealers and...
Asset management The AMF updates its policy on portfolio asset management company control systems and programmes of operations
Why this matters
This regulatory update from the AMF focuses on portfolio asset management company control systems and programmes of operations, which is relevant for investment management and wealth management firms. It covers operational resilience and authorization/licensing requirements.
Appointment Journalists Investment management companies The AMF announces the appointment of Jessica Reyes as Director of the Asset Management Regulation Division
Why this matters
This is an announcement of a new director appointment at the French financial regulator AMF, which oversees investment management firms and wealth managers. The appointment is relevant for those sectors and topics related to authorization and governance.
Anti-money Laundering Asset management The AMF and TRACFIN sign a new cooperation protocol
Why this matters
This regulatory update is relevant for asset managers, banks, and wealth managers as it involves a new cooperation protocol between the AMF (French financial markets regulator) and TRACFIN (the French anti-money laundering and counter-terrorist financing intelligence unit).
Savings protection EBA, ESMA and EIOPA warn consumers on the risks of crypto-assets
Why this matters
This regulatory update from the European supervisory authorities (EBA, ESMA, EIOPA) warns consumers about the risks of crypto-assets, which is relevant for banking, crypto, and consumer credit firms.
Market infrastructures Order Retail investors Market Infrastructures Journalists AMF publishes an analysis of retail investor order execution on French stocks
Why this matters
This regulatory update from the AMF (French financial markets regulator) analyzes the order execution of retail investors on French stocks. This is relevant for capital markets participants, investment managers, and wealth managers who handle retail investor orders.
MMF The AMF publishes a stock-take analysis of the market for short-term debt instruments in Europe
Why this matters
This regulatory update from the AMF provides an analysis of the short-term debt instrument market in Europe, which is relevant for banking, investment management, and capital markets firms.
Appointment AMF activity Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update announces the appointment of a new Head of the Strategy and Sustainable Finance Unit at the AMF, which is relevant for investment management firms, banks, and fintechs operating in the capital markets and sustainable finance space.
Asset management A liquidator of the funds previously managed by "Nestadio Capital" has been appointed at the request of the AMF
Why this matters
This regulatory update announces the appointment of a liquidator for funds previously managed by Nestadio Capital, at the request of the French financial regulator AMF.
Short selling Equity Financial Crisis Executive & other private individuals Market Infrastructures Post-trade Infrastructures Professional investors Journalists French and Dutch market authorities publish a joint analysis of the...
Why this matters
This regulatory update discusses the impact of short selling bans during the COVID-19 crisis, which is relevant for capital markets, investment management, and wealth management firms. It covers market abuse, reporting, and operational resilience topics.
Asset management Savings protection Journalists Investment management companies The AMF announces the creation of a working group on the end-of-life of private equity funds
Why this matters
This regulatory update from the AMF announces the creation of a working group on the end-of-life of private equity funds, which is relevant for investment management firms and wealth managers that offer private equity funds to their clients.
AMF activity Focus on inDECx: the new tool to be used when interacting with the AMF during an inspection or investigation
Why this matters
This regulatory update from the AMF introduces a new tool called inDECx that firms will need to use when interacting with the AMF during inspections or investigations. This is relevant for investment managers, broker-dealers, and crypto exchanges as they may be subject to AMF oversight and inspections.
Financial disclosures & corporate financing Covid-19 Closing of the 2021 financial statements: the AMF publishes its recommendations and the results of its recent work examining financial statements
Why this matters
This regulatory update from the AMF (French financial markets authority) provides recommendations and results related to the closing of 2021 financial statements. It covers topics relevant to banking, investment management, and capital markets firms, including reporting, ESG, and prudential requirements.
Asset management Prospectus Journalists Investment services providers Investment management companies The AMF proposes measures to promote a wider adoption of liquidity management tools by fund managers
Why this matters
This regulatory update from the AMF proposes measures to promote wider adoption of liquidity management tools by fund managers, which impacts investment management firms and capital markets. The measures relate to prudential requirements and consumer protection.
Market infrastructures Benchmark Benchmarks: the AMF will apply ESMA Guidelines
Why this matters
This regulatory update from the AMF relates to the application of ESMA Guidelines on benchmarks, which impacts banking, capital markets, and investment management firms that use or administer benchmarks. It covers reporting, operational resilience, and licensing requirements.
Market infrastructures Post-trading infrastructures Settlement fails reporting: the AMF complies with ESMA guidelines
Why this matters
This regulatory update from the AMF relates to settlement fails reporting, which is relevant for capital markets participants such as banks and broker-dealers. It also involves operational resilience and reporting requirements, which are general topics applicable across the financial services industry.
Financial disclosures & corporate financing Executive & other private individuals Journalists Listed companies and issuers Takeover listed companies The AMF proposes targeted measures to make financial markets more attractive for companies
Why this matters
This regulatory update from the AMF proposes measures to make financial markets more attractive for companies, which impacts banking, capital markets, and investment management firms.
Asset management Collective investments The AMF updates its policy on the marketing communications of collective investments
Why this matters
This update from the AMF relates to the marketing communications of collective investment schemes, which impacts asset managers and wealth managers. It touches on consumer protection and authorization/licensing requirements.
Crypto-assets Innovation Market infrastructures New step forward in the adoption of the regulation on a Pilot Regime for market infrastructures based on the blockchain technology
Why this matters
This regulatory update from the AMF relates to the adoption of a new regulation on a Pilot Regime for market infrastructures based on blockchain technology. This is relevant for crypto and digital asset firms as well as capital markets participants that may leverage blockchain technology.
Asset management Update of the AMF's policy on funds that use Total Return Swaps and communicate about their consideration of non-financial criteria
Why this matters
This regulatory update from the AMF (French financial markets authority) is focused on funds that use Total Return Swaps and communicate about their consideration of non-financial criteria, which falls under the ESG/sustainability and reporting/disclosure topics.
Long term investment Retail investors Journalists More than one million new retail investors have entered equity markets in France over the last 3 years, according to the AMF's dashboard
Why this matters
This regulatory update discusses the increase in retail investor participation in the French equity markets over the past 3 years, which is relevant for asset managers, broker-dealers, and wealth managers that serve retail clients.
Asset management The AMF informs about the liquidation of the portfolio asset management company « Nestadio Capital »
Why this matters
This regulatory update from the AMF (French financial markets authority) is informing about the liquidation of the portfolio asset management company 'Nestadio Capital'.
Long term investment Shares Stimulating the diversification of long-term savings: the AMF proposes an educational approach to equity investment
Why this matters
This regulatory update from the AMF focuses on stimulating the diversification of long-term savings through an educational approach to equity investment. It is relevant for investment managers, wealth managers, and banks that offer long-term savings products.
Strategy Supervision Other professionals Executive & other private individuals Fintech Market Infrastructures Post-trade Infrastructures Professional investors Journalists Investment services providers ...
Why this matters
This regulatory update from the AMF covers priorities across investment management, capital markets, and fintech firms. Key topics include technology/cyber, authorization/licensing, and reporting/disclosure requirements. The medium urgency reflects the strategic nature of the update.
Sustainable Finance Journalists Investment services providers Investment management companies Listed companies and issuers The ACPR and AMF publish their report on climate-related commitments of French financial institutions
Why this matters
This regulatory update from the ACPR and AMF focuses on the climate-related commitments of French financial institutions, which is relevant for banking, investment management, and wealth management firms. The key topics covered are ESG/sustainability and reporting/disclosure requirements.
CSDR Supervision Settlement discipline: supervisory approach on the implementation of the CSDR provisions
Why this matters
This regulatory update from the AMF provides guidance on the supervisory approach to the implementation of the CSDR settlement discipline provisions, which are relevant for banking, capital markets, and investment management firms.
Asset management Anti-money Laundering Money laundering and terrorist financing: the AMF applies EBA guidelines on risk factors
Why this matters
This regulatory update from the AMF applies EBA guidelines on risk factors related to money laundering and terrorist financing, which is relevant for investment managers, banks, and wealth managers.
Asset management Prospectus The AMF and the Banque de France publish an update of the inventory of liquidity management tools in French funds
Why this matters
This regulatory update from the AMF and Banque de France relates to liquidity management tools in French funds, which is relevant for investment management firms, banks, and wealth managers. It covers prudential and capital requirements, consumer protection, and reporting and disclosure topics.
MIFID Market Data: the AMF applies ESMA Guidelines
Why this matters
This regulatory update from the AMF applies ESMA guidelines on market data, which impacts banking, capital markets, and investment management firms. It covers topics related to market abuse, reporting, and licensing requirements.
Sustainable Finance Savings protection Collective investments Responsible finance: the AMF draws an overview of communications practices abroad
Why this matters
This regulatory update from the AMF (Autorité des Marchés Financiers) provides an overview of communications practices related to responsible finance abroad. It covers topics relevant to investment managers, wealth managers, and the broader financial industry in terms of ESG, consumer protection, and disclosure...
Professional certification Sustainable Finance Certification in sustainable finance: the AMF names the first certified training organisations
Why this matters
This regulatory update is related to the certification of training organizations in sustainable finance, which is relevant for asset managers, wealth managers, and banks that offer investment and advisory services. The topics covered include ESG/sustainability, authorization and licensing, and consumer protection.
Supervision The AMF updates its investigation and inspection charters
Why this matters
This regulatory update from the AMF relates to updates to their investigation and inspection charters, which impacts authorization, reporting, and operational resilience requirements for banks, asset managers, and broker-dealers operating in the French financial markets.
Asset management Marketing communications under the Regulation on cross-border distribution of funds : the AMF complies with ESMA’s Guidelines
Why this matters
This regulatory update from the AMF relates to marketing communications under the Regulation on cross-border distribution of funds, which is relevant for investment management and wealth management firms. The key topics covered are consumer protection and authorization/licensing requirements.
Europe & international Cooperation The AMF and the European Central Bank (ECB) sign a supervisory cooperation arrangement
Why this matters
This regulatory update announces a supervisory cooperation arrangement between the AMF and the ECB, which is relevant for banking, investment management, and wealth management firms operating in Europe.
Sustainable Finance Annual report Disclosure Obligations Taxonomy Article 8: The AMF informs issuers about the phased application of reporting requirements
Why this matters
This regulatory update from the AMF informs issuers about the phased application of reporting requirements under Taxonomy Article 8, which is relevant for banking, investment management, and capital markets firms in relation to their ESG and sustainability disclosures.
Asset management Transposition of the directive on the cross-border distribution of collective investment undertakings: the AMF amends its General Regulation and its policy
Why this matters
This regulatory update from the AMF relates to the transposition of a directive on the cross-border distribution of collective investment undertakings. It impacts asset managers and wealth managers who distribute such funds across borders.
Cooperation Derivatives or structured products Europe & international Markets Post-trading infrastructures The AMF and the ACPR sign two cooperation agreements with the SEC regarding the regime applicable to Security Based Swap Dealers (SBSD) in the U.S
Why this matters
This regulatory update is relevant for broker-dealers and banks that engage in security-based swap dealing activities in the U.S. It covers cooperation agreements between European and U.S.
Asset management MMF The AMF complies with the ESMA guidelines on updating stress test scenarios in accordance with Article 28 of the Money Market Fund Regulation
Why this matters
This regulatory update from the AMF relates to compliance with ESMA guidelines on stress test scenarios for money market funds, which is relevant for investment management firms that operate such funds. It touches on prudential and reporting requirements under the Money Market Fund Regulation.
MMF The AMF publishes a study about potential explanatory variables for the record outflows that French MMFs faced in March 2020
Why this matters
This regulatory update from the AMF (French financial regulator) focuses on potential explanatory variables for the record outflows that French money market funds (MMFs) faced in March 2020.
Financial analysis The AMF emphasises the importance of independence in financial analysis
Why this matters
This regulatory update from the AMF emphasizes the importance of independence in financial analysis, which is relevant for asset managers, broker-dealers, and banks involved in investment management and capital markets activities.
Financial products Bids Shares Financial disclosures & corporate financing Markets The AMF publishes a study on the development of the SPAC market and its challenges
Why this matters
This regulatory update from the AMF focuses on the development and challenges of the SPAC market, which impacts capital markets, consumer credit, and mortgage/lending firms. Key topics include market abuse, reporting/disclosure, and authorization/licensing requirements for SPAC-related activities.